Bloom to develop two Paris Agreement-aligned industrial projects

Industrial investor and developer Bloom is to carry out two of the first industrial developments in the UK that will align with the Paris Agreement on climate change.

The developments are located in Greenwich and Camberwell in central London. They are being carried out by Bloom as part of its £250 mln ultra-urban warehouse joint venture with Angelo Gordon and are being project managed by Trigon DM, a UK development management consultancy.

At Greenwich, Bloom will develop five units, totalling 35,845 ft2, designed by Chetwoods, on a one-acre site on Tunnel Avenue by the Blackwall Tunnel. Completion is expected in the first quarter of 2024.

At Camberwell, Bloom will develop a 52,500 ft2 multi-let industrial estate, designed by Michael Sparks Associates, on a 1.25-acre site at 61 Lilford Road close to the A2, A23, A215 and South Circular roads. Construction is expected to begin in the third quarter of 2023.

The designs have been developed in line with technical screening criteria set by the Green Technical Advisory Group to demonstrate alignment with the Paris Agreement, a global commitment to limit global warming to below 2° Celsius.

The developments, which are targeting a BREEAM sustainability rating of ‘Excellent’ and an EPC rating of ‘A+’, will aim to contribute to climate change mitigation. A key component of the BREEAM Excellent requirement is to reuse or recycle at least 70% of non-hazardous construction and demolition waste generated through the development. Other factors required by the BREEAM framework are pollution prevention control, adaptability and disassembly, and protection and restoration of biodiversity and ecosystems.

Chris Leonard, development director of Bloom, said: 'Aligning Bloom’s developments in Greenwich and Camberwell with the Paris Agreement on climate change is not only a responsible choice for the local environment, planet, and future generations, but also important for the longevity and resilience of our buildings.'


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