Planning Permission Granted for £100m Multi-level Industrial Scheme at Capitol Way, Colindale NW9

22 May 2025

Royal London Asset Management Property has been granted planning permission by Brent Council for a two-storey industrial scheme at Capitol Way, Colindale, NW9. The development is being brought forward in partnership with NEAT Developments, the appointed Development Manager.

The approved scheme will deliver 235,000 sq ft of new industrial space arranged across two storeys, representing a 125% uplift in floorspace compared to the former single-storey warehouse. The scheme, which carries a gross development value of over £100 million, has been designed to institutional standards, served by a ramp with ancillary lifts.

Each unit benefits from strong identity along the site’s key frontages, with ground floor units enjoying dedicated street presence, and all units having their own loading and parking provision; offering occupiers the operational efficiency of a single-storey format combined with the scale of a two-storey building. The scheme includes generous clear internal heights, uninterrupted regular floorplates, and the flexibility to accommodate up to four floors in total, including mezzanines at each level. Units can be subdivided or combined to suit a range of industrial, logistics and light manufacturing uses. Ground floor units also benefit from a covered service yard.

Sustainability has been at the forefront of the design approach, incorporating green and blue roofs to manage surface water, extensive PV provision, electric vehicle charging, and secure cycle storage. Once completed the development will achieve a 76% biodiversity net gain, BREEAM Excellent and EPC Rating A.

The development is expected to generate up to 360 jobs on site, plus 160 during the construction phase.

Joseph Kane, senior development manager at Royal London Asset Management Property said: “The planning approval for our multi-level industrial project at Capitol Way marks a significant step forward. This development responds to the urgent need for well-designed urban logistics space while respecting the local context of Brent. By building upwards rather than outwards, we are addressing the practical challenges of land scarcity while creating spaces that genuinely work for modern businesses.”

“This scheme aligns with Royal London Asset Management's strategic focus on delivering high-quality, sustainable assets that provide long-term value. We believe projects like this demonstrate how thoughtful industrial development can support both commercial objectives and broader community economic needs.”

Youssef Kadiri, Managing Director at NEAT Developments said: “We are proud to be working with Royal London to deliver this multi-level industrial development in a strategically well-connected industrial location. The design combines an institutional-grade product, market-leading ESG credentials, and flexible, functional layouts over two floors, providing frontage and a clear identity for every occupier. We look forward to launching the development to the market soon.”

Construction works are scheduled to commence in 2026, with practical completion anticipated in 2027.