TT Group sells Croydon industrial site to Kennedy Wilson

UK real estate investor and developer TT Group has sold a prime industrial development site in Croydon, South London, to global real estate firm Kennedy Wilson.

BT Croydon hub

The 1.86-hectare site, located on Horatius Way, has outline planning approval for up to 10,683 m2 of flexible industrial space and has an estimated Gross Development Value (GDV) of £50 mln (€58.9 mln).
The site, previously occupied by BT and demolished in 2024, is currently let to Park Your Truck on a temporary lease and is situated in a key industrial area with other occupiers like Amazon and DHL.
Murray Burdis, associate director – Planning and Disposals, at TT Group, said: “The sale to Kennedy Wilson follows our value add at the site through securing a successful outline planning consent, the demolition of outmoded facilities and open storage letting. Horatius Way offers occupiers excellent connectivity in a long-standing strategic industrial area, and we are pleased to see a highly established buyer take forward this stand-out opportunity for the development of high-quality, flexible space.”
 Jake Harris, managing director at Kennedy Wilson, added: “This site is particularly well positioned within one of London’s core industrial locations. We continue to have high conviction around London industrial and are always looking for well-located, sizable holdings with good optionality, such as this Croydon property, as we continue to grow our UK portfolio.” 
Newmark acted for TT Group.