Trifecta, Southdown Park, Harpenden

Project Overview

Development Partner
LaSalle Investment Management

Scheme
Trifecta, Southdown Park, Harpenden

Asset Class
Logistics, industrial & trade counter

Size
4.0 acres/63,000 sq ft gross external area in 8 units

Type
Speculative redevelopment of an existing asset

Taurus Developments is appointed as Development Manager by LaSalle Investment Management for our third development project together. Southdown Industrial Estate has been owned for many years by one of LaSalle’s retained pension fund clients.

Located in the prime Southdown industrial area of Harpenden, the current estate comprises 11 industrial/warehouse units.  The asset is now vacant having reached the end of its physical and economic life.

The most appropriate strategy for the asset is comprehensive redevelopment for logistics, industrial and trade counter uses in a very under supplied market and where strong occupier demand is anticipated.  Detailed planning permission was granted in June 2022 and the redevelopment in 8 industrial/warehouse and trade counter units will be undertaken on a speculative basis.

Timeline

  • August 2021
    Planning Application submitted to St Albans City & District Council
  • June 2022
    Detailed planning permission granted
  • March 2023
    Anticipated commencement of demolition
  • June 2023
    Anticipated commencement of construction
  • March 2024
    Anticipated date of practical completion

LaSalle Investment Management has worked successfully with Taurus over the last four years and in that time Michael Gibbens has delivered two very successful schemes. Michael is extremely pragmatic in his approach and brings considerable experience, knowledge, skill and professionalism; optimising a project outcome and delivering significant value. He is also a trusted partner and it has been a pleasure working with him.

Andrew Derry

Development Director, LaSalle Investment Management
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