Warehouse Space Let To Guys & St Thomas NHS Trust

The Duchy of Lancaster has granted a new long lease to Guys & St Thomas NHS Trust on a large warehouse unit at Tower Bridge Business Park.  The Trust will use the space as a base for its patient transport vehicles, which is to be upgraded to an electric fleet over the coming years. As part of the lease, the Duchy has also given permission for the installation of electrical charging points on site to facilitate the move to an all-electric fleet.

The unit, which forms part of a larger 72,000 sq ft space previously let to the Metropolitan Police, is situated just off the Old Kent Road, a prime location for last mile logistics in Central London.

Commenting on the deal, Duchy Head of Commercial Adrian Bayliss said: “The Metropolitan Police had previously occupied two units at Tower Bridge Business Park for over 30 years. When they surrendered the lease, it gave us a clear opportunity to review the condition of the buildings and consider how best to refurbish them in line with our sustainability agenda. Before we could refurbish one of the units, however, we were approached by Guys & St Thomas NHS Trust. We are delighted to be able to help and support the Trust’s ambition to upgrade to an all-electric fleet.

“In the meantime, we are investigating options for the refurbishment of the other vacant building which will deliver a very high energy efficiency rating and improve its long-term sustainability. We hope to finalise these plans in the next month so that the finished building can be made available to would-be tenants before the autumn.”

In addition to its legacy estates in central London (Savoy) and Harrogate, the Duchy’s commercial portfolio includes a number of contemporary warehouse buildings in strategic locations across the UK.