The six-storey building is being plugged into St George’s Grand Union major mixed-use neighbourhood in Brent, North West London.
The pioneering 135,000 sq ft building is the first in a new concept for delivering multi-storey light industrial property in an urban backdrop.
This dovetails with the Greater London Authority’s new London Plan to intensify industrial land, delivering jobs and homes as part of the regeneration of a wider brownfield site.
To be called SEGRO V-Park Grand Union, the ground and first floors of the building are set aside to provide over 100 parking spaces, with electric vehicle charging points.
The flexible industrial space is arranged over four upper levels that can be configured as up to 20 individual units of different sizes.
The development will incorporate sustainability features such as photovoltaic cells and an internal green wall.
Construction is expected to begin next Summer at the 22-acre former derelict Northfields Industrial Estate.
This is being transformed into a new mixed-use neighbourhood in Alperton compromising 3,350 homes, 35% of which will be affordable.
Grand Union will provide 10.2 acres of publicly accessible landscaped gardens, a net biodiversity gain of 240%, community centre, health centre, local supermarket and a range of onsite amenities.
Alan Holland, Managing Director, Greater London at SEGRO, said: “SEGRO V-Park Grand Union is a new model for delivering much-needed light industrial space as part of mixed-use communities.
“We are strong advocates for multi-storey warehousing in some urban settings given the pressure on land supply and the need to create space that supports different types of employment.
“We have successfully delivered multi-storey logistics at scale in Paris and now have the opportunity at Grand Union to adapt this format for a smaller urban site.
“This regeneration project is a template for how to revitalise under-utilised industrial land to deliver much needed housing and jobs and we look forward to working with the GLA, London Borough of Brent and St George to bring forward these exciting plans.”
Jules Pipe, Deputy Mayor for Planning, Regeneration and Skills at the GLA, said: “SEGRO V-Park Grand Union is a very welcome, innovative approach to industrial intensification that will form part of an exciting new mixed-use development in London.”