Gatwick recently announced plans to utilise its emergency runway as a full commercial runway. According to figures released by Gatwick Airport, flights should see an increase from their current 281,000 per annum to as many as 390,000 in the next few years; this is expected to significantly exacerbate the demand for land usage in the surrounding area.
13 Acres of Land less than a mile away from Gatwick South Terminal
The Company intends to apply for planning permission to build storage, warehousing and related logistics in each location. Based on surrounding permissions, we are confident that our planning proposal will be well received and, if planning permission is granted, significantly benefit employment in the area. (see here for full image)
Crawley Council are keen to encourage employment growth in the area and have already designated the land to the top right of the ‘Crawley Local Plan Map’ (highlighted by the green section with dots) as zoned for employment. As can be seen from the image our land (circled in red) is the missing piece of this jigsaw, surrounded as it is on each side by the employment zoned land.
Amazon and Brymec have also recently established a foothold in the area. The 7.7 acre Land exchanged hands for £20m in 2018 (ie £2.6m an acre). This land is just 2.5miles north of our 13 acre site and much further away from the airport.
3 years later, with burgeoning demand from online retailers and others for storage and logistics facilities (an already fast growing trend accelerated by the pandemic), land values in prime logistics areas are buoyant.
15 Acres of Land West of Gatwick North Terminal
A 2020 BNP Paribas’s UK Industrial & Logistics Insider report found that (with one quarter left to go at the time of writing), 2020 warehouse take-up already stood at 34.6 million sq ft, surpassing the previous annual record set in 2016. Over ten million sq ft was believed to be under offer, meaning 2020 take-up was on track to hit 45 million sq ft
KnightFrank forecasts that by the end of 2024, the UK will exceed 90 million sq ft of industrial space. Currently the UK sits at just over 30 million sq ft, with Amazon owning 1/3 of all warehouse space.
Amazon’s Chief Financial Officer Brian Olsavsky in 2019 said Amazon planned to expand its fulfillment and logistics square footage by about 50%, in 2020 alone.