Property developer NEAT Developments, in collaboration with Royal London Mutual Insurance Society Limited, has submitted a planning application to Brent Council for a new stacked industrial development at Capitol Way, Colindale, NW9. This innovative project reflects a growing trend in construction investment events in London, focusing on efficient land use in urban areas.

The proposed development will offer 230,000 sq. ft of industrial space across two storeys, a substantial 125% increase over the previous single-storey structure. The project’s total gross development value exceeds £100 million, reflecting its investment event significance for the region. The facility is designed to be Institutional Grade, featuring a ramp and lifts for access, and is expected to create approximately 360 on-site jobs, with an additional 160 jobs during the construction phase.

NEAT Developments previously gained consent for a similar mixed-use industrial and residential project on Blackhorse Lane, Walthamstow. The Colindale scheme, carefully planned with the London Borough of Brent, aims to achieve BREEAM Excellent and EPC Rating A standards, incorporating sustainable features such as electric vehicle charging stations, secure cycle storage, and roof-mounted photovoltaic panels.

Youssef Kadiri, Managing Director at NEAT Developments, commented on the project’s importance: “London has lost a quarter of its industrial space in the last 20 years, whilst the continued boom of online retail has further exacerbated the pressures on distribution centres as the competition for space has continued to heat up. Making much better use of available land space through multi-level industrial development is critical to London’s future, and follows trends seen elsewhere, particularly in the US, Canada and Japan.”

Pending planning approval, construction is set to commence in late 2025, with completion targeted for summer 2027. This project could become a highlight at future real estate networking events in London, showcasing innovative solutions in industrial property development.

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