One of the largest industrial developments in London and spanning 17-acres is set to be built on the former Honey Monster factory in Southall in a joint venture between logistics firm Firethorn Trust and global investor Cain international.
Property development and construction company C J O’Shea will also form part of the partnership and hold a minority stake in the development and will also provide strategic advice throughout its delivery.
The factory and site was closed down in 2016 and sold for mixed property development including residential as well as commercial use.
Daniel Harris, senior managing director and head of European investment for Cain International said: “The Southall site presents a strategic opportunity to grow Cain’s UK logistics platform by working with trusted partners to deliver an exciting urban logistics development in a prime London location to an undersupplied market. We look forward to working with Ealing Council and Firethorn Trust on a plan to reset the balance of Southall-based property development by refocusing on the area’s employment opportunities for both today’s workforce and for future generations in an effort to build upon and sustain the vibrancy of the economy of this part of London.”
Peter Mather, partner of Firethorn Trust said: “Firethorn has a proven track record of acquiring and delivering highly sustainable, best in class real estate across the UK. Given the limited supply of Grade A mid-box logistics accommodation in the West London market, we are pleased to be part of this significant off-market opportunity. This deal marks an important new chapter in our relationship with Cain, demonstrating our abilities to maximise prime development opportunities in targeted locations to meet the increasing demand for institutional quality logistics warehousing.”