Currently Howard Group’s only major London assets, the Elizabeth and Juno Way Industrial Estates have been transformed over recent years through active asset management and award-winning development.
ACQUIRED: Elizabeth Ind Estate, 2000 Juno Way, 2004
VALUE: Total investment value c £40m New development value c £18 - £20m
AWARDS: Shortlisted for 'UK Deal of the Year' and 'Best Multi-let Industrial Estate' by IAS
In the acquisition of the Elizabeth and Juno Way Industrial Estates on the border of Bermondsey and Lewisham Boroughs, Howard Group identified one of the most exciting regeneration and growth areas in London. Historically seen as one of London’s less desirable areas, the Bermondsey/Deptford/New Cross regions have seen unprecedented levels of investment over recent years. The region stands to benefit from further large-scale regeneration and infrastructure improvements over the coming years. Over 12,500 consented new homes lie within walking distance of the site and the 'New Bermondsey' East London line station is just 75 metres away.
A lack of availability of industrial stock in central London has resulted in record rents and huge occupier demand. Howard Group is now investigating the potential for a second phase of development to include further commercial expansion.
Howard Group's Lewisham assets are home to a number of national brands including DHL, Topps Tiles, Screwfix and RS Components.
Combined with the quality of the scheme and the occupier line-up, the estates have been shortlisted for the IAS Awards 'Best UK Multi-let Industrial Estate' and the 'Deal of the Year' for the DHL pre-lets.
The Elizabeth and Juno Way Industrial Estates are located on the border of Bermondsey and Lewisham boroughs.