Land sale concluded for Tesco Rainham distribution centre
8 Jun 2011 02:43 PM
The London Development Agency has concluded the sale of land at Beam Reach 5 in Rainham to Tesco’s development arm Spen Hill.
The freehold sale of 35.2 acres of land paves the way for Spen Hill to build a new 550,000 sq ft fresh distribution and processing facility for Tesco's occupation and create over 900 jobs.
The sale confirms Beam Reach as a key east London regeneration and investment location for business and jobs.
The proposed development received planning permission from the London Thames Gateway Development Corporation in February 2011.
The permission is for 2 phases - the first phase is for a Fresh Distribution Centre and a facility for processing and recycling used packaging. The second phase has outline planning permission for warehousing and other business uses with enhancements to the nature reserve and further landscaping.
Steven Kidd, London Development Agency Head of Development said:
Beam Reach is a prime business location, well positioned at the gateway to London, with excellent transport links. This deal with Tesco will create hundreds of local jobs and add to our plans for modern manufacturing, commerce, housing, education and employment."
Spen Hill Developments, Property Funding and Logistics Development Manager, Paul Bench commented:
We are extremely pleased to have completed the purchase of this important site which will enable our distribution to cope with our planned expansion in London and the South East.
More than 900 will be employed on the Tesco Distribution site when it opens in Autumn 2012 (as development on site has now commenced) and this number will increase to 1,200 once the site is fully operational. Recruitment will concentrate on providing opportunities for local people."
Beam Reach 5 is situated directly alongside the A13 at the Marsh Way interchange. As well as some remaining plots at Beam Reach 5, the LDA has business space development land available in Rainham at Beam Reach 8 in Ferry Lane and 17 acres of land at Beam Reach 6 in Courier Road.
The latest development adds to the momentum generated in March 2011 when the London Development Agency exchanged contracts with Premier Inn to build a hotel and restaurant at nearby Chequers Corner in Dagenham - a development that will create up to 80 new jobs.
For further information of the land opportunities available at Beam Reach go to: www.beamreach.co.uk
CB Richard Ellis, Kemsley, and North Rae Sanders advised the LDA; Lambert Smith Hampton advised Tesco.