Project Overview
Harleyford Capital, in joint venture with Fiera Real Estate, acquired a strategically located 2.24-acre freehold site in Borehamwood, North-West London.
Located adjacent to the A1, the site offers prominent visibility to more than 50,000 vehicles per day. With direct access to Junction 23 of the M25 and Junction 4 of the M1, it provides unrivalled connectivity to a population of more than 9 million within a 30km radius, making it an optimal site for Grade A distribution and last-mile logistics operators.
The site, formerly occupied as a car showroom and servicing facility, has been cleared and is now poised for redevelopment into a single 54,000 sq ft Grade A mid-box logistics unit.
Planning submission is underway, with the scheme targeting market-leading EPC ‘A+’ and BREEAM ‘Excellent’ environmental credentials.
Strategic Rationale
This acquisition reflects Harleyford’s commitment to sourcing and executing value-add industrial opportunities in prime urban logistics corridors. Borehamwood is a high-demand micro-location with limited comparable supply and a robust pipeline of occupational requirements. Harleyford secured the site off market following a failed sales process by demonstrating execution certainty and a deep knowledge of the asset and local planning landscape.
Given the limited availability of new-build mid-box logistics units in the region, the development will cater to unmet demand and serve as a benchmark for quality and sustainability in the submarket.
54,000
Sq Ft Grade A Logistics Space
1 MvA
Power Secured
8.25%
Development Yield on Cost
EPC A+
Market-leading Energy Efficiency
BREEAM
‘Excellent’ Best-in-class Sustainability Rating
Solar PV
On-site Renewable Energy Generation
“We are excited to grow Harleyford’s development pipeline in this highly strategic North-West London location and continue being at the forefront of the UK urban logistics market.”
Thomas Mallindine
Managing Director, Head of Asset and Development Management