Property company will also use empty shopping centres for the urban distribution sites
The property company British Land, which owns offices and shopping centres including Sheffield’s Meadowhall, has unveiled multimillion pound plans to buy and convert car parks and empty retail centres into urban distribution hubs for online shopping and same-day grocery delivery services.
The firm put the total value of its pipeline of urban logistics properties at £600m, and said it had spent £189m on assets with “urban logistics potential”, including in central London. It aims to buy more warehouses and add extra floors to existing ones to rent out to retailers wanting to deliver goods quickly to shoppers in the capital.
