BNP Paribas Real Estate’s Development Consultancy & Agency team, working alongside its Industrial & Logistics Investment team, has launched the final phase of the Crow Lane, Romford site on behalf of National Grid.
The site extends to approximately 4.6 acres and represents the final phase of the wider redevelopment of the former Romford Gas Works, originally developed in the 1880s by the Romford Gas & Coke Company. The site is part let to Cadent Ltd until September 2026, producing a current rental income of £199,000 per annum plus VAT.
The opportunity is being brought to market for industrial and open storage uses, offering investors and developers the chance to acquire a strategically located site with existing income and future development potential.
Adrian Cross, Real Estate Development Manager at National Grid commented: “The launch of the final phase at Crow Lane marks the culmination of a long-term programme to repurpose surplus land and maximise value from our estate. Working with BNP Paribas Real Estate, we have successfully progressed each phase of the Romford Gas Works redevelopment, and this final opportunity provides a strong platform for continued investment and regeneration while delivering a positive outcome for the business.”
Julian Gaynor, Head of Development Consultancy & Agency at BNP Paribas Real Estate: “This final phase at Crow Lane represents a rare opportunity to acquire a well-located site with both immediate income and longer-term development potential. Having advised on the Romford Gas Works site for more than a decade, we are proud to bring the final phase to market on behalf of National Grid. The opportunity reflects the increasing demand for industrial and open storage uses in established urban locations, and our ability to unlock value from complex, long-term assets through strategic development advice.”
The first phase of the site was sold in 2019 to Hollybrook, who subsequently delivered 82 new homes. The second phase was disposed of via a joint venture to St William in 2022. This third and final phase completes the redevelopment journey of the wider Romford Gas Works site. The site benefits from strong transport links being within walking distance of Romford Train Station.
The sale is being led by Julian Gaynor, Ella Harwood and James Mitchell from BNP Paribas Real Estate’s newly named Development Consultancy & Agency team (pictured below – Julian, Ella and James – left to right). The team provides strategic development advice to clients across the UK, working closely with the firm’s network of regional offices.
The Development Consultancy & Agency team offers a comprehensive range of services, including strategic consultancy advice to help clients repurpose surplus assets and unlock value, underpinned by detailed development appraisals and option analysis. This is complemented by development agency services, including acquisitions and disposals, joint ventures and portfolio sales.
Since 2013, the team has sold over 250 sites for National Grid, demonstrating a strong track record in delivering results for national corporate clients, leading housebuilders and public sector organisations.
