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At a Glance
Promoter: SEGRO
Location: Former Radlett Aerodrome, North Orbital Rd, St Albans, Hertfordshire
Total Site Area: 419ha (excluding the relief road and the country park the site area for the development is 82.72ha)
Total Floor Area: 3.57m sq ft
Value of site if on the market: £12m per annum in business rates
Investment Type: Commercial
Asset Class: Logistics
Planning Status: Granted
Delivery Timescale: 2023-2030
GDV: £120m
Site Description
SEGRO Logistics Park Radlett will become the UK’s only modern rail freight facility to serve London and the M25 region. The estate will have the capacity to handle 24 trains per day, potentially removing 1,800 HGV journeys from UK roads.
The vision is to create a 335,000 sq. m state-of-the-art Strategic Rail Freight interchange, including highly sustainable logistics space, enveloped in 250 hectares of managed woodland, conservation grazing and public country park – a modern freight facility for the future. The development will be a key part of the UK’s industrial infrastructure that supports economic growth and enables the efficient movement of goods.
SEGRO is also currently developing a Community Investment Plan for SEGRO Logistics Park Radlett, and will, in collaboration with local stakeholders, support employment, education and environmental initiatives.