Industrial: London Royal London Asset Management Property Acquires Strategic 8-Acre Industrial Development Site in Teddington November 29th, 2024 Deividas Krupstas Royal London Asset Management Property (RLAMP) has announced the acquisition of an 8-acre industrial development site in Teddington, Southwest London, from LGC Group, a global leader in life science tools. The site, with an estimated Gross Development Value (GDV) of £90 million, represents a prime redevelopment opportunity for a best-in-class multi-let industrial scheme.RLAMP has partnered with Graftongate, who will act as development managers for the project. The site offers flexibility to create a high-quality industrial estate complete with car parking and loading spaces, catering to the needs of trade businesses and small-to-medium enterprises (SMEs).Key Details:Location: Teddington, providing excellent connectivity across Southwest London Site Size: 8 acres Previous Owner: LGC Group Development Plans: A sustainable and high-quality multi-let industrial scheme Partnership: RLAMP and GraftongateThis acquisition aligns with RLAMP’s strategy to expand its industrial development pipeline and increase exposure to the London market, where there is strong and consistent demand for industrial spaces. The company intends to hold the development as a long-term investment while focusing on delivering a sustainable and modern industrial estate.
