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01.12 - 11:39
British Land to turn car parks into hubs for same-day delivery firms
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The property company British Land, the owner of shopping centres including Sheffield’s Meadowhall, has announced a multimillion-pound plan to turn car parks and empty shopping centres into urban distribution hubs for online shopping and same-day grocery delivery services.
The firm put the total value of its pipeline of urban logistics properties at £600m, and said it had spent £189m on assets with “urban logistics potential”, including in central London. It is aiming to buy more warehouses, and add extra floors to existing warehouses, to rent out to retailers wanting to deliver goods quickly to shoppers in the capital.
The popularity of online shopping soared during the coronavirus pandemic, when many shops remained closed for several months
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