Key Points
- Alpha Property, a property investment firm, has secured a £24 million loan to fund a midbox logistics development in north London.
- The funding supports the delivery of a 134,000 sq ft logistics scheme at Claverings Industrial Estate in Edmonton, Enfield.
- Midbox logistics refers to facilities handling parcels between 1kg and 30kg, meeting rising e-commerce demand.
- The project involves demolishing existing units and building modern, sustainable warehouses.
- Enfield Council approved the plans, highlighting economic benefits like job creation and improved industrial space.
- The loan comes from an unnamed lender, with Alpha Property leading development and long-term ownership.
- This initiative addresses north London’s shortage of midbox space amid industrial land pressures.
- Completion expected within 18-24 months, boosting local logistics infrastructure.
Edmonton, Alpha Property, 21 January 2026 – Alpha Property has secured a £24 million loan to deliver a 134,000 sq ft midbox logistics scheme at Claverings Industrial Estate in Edmonton, north London, addressing the region’s acute demand for modern warehousing amid booming e-commerce. The funding, arranged through specialist lenders, will enable demolition of outdated units and construction of sustainable facilities tailored for parcels weighing 1kg to 30kg, a segment experiencing rapid growth. Local authorities in Enfield have welcomed the project for its potential to create jobs and revitalise industrial land.
This development underscores north London’s evolving logistics landscape, where limited land availability intensifies competition for space. As reported by James Johnson of Estates Gazette, Alpha Property’s managing director stated:
“This loan marks a pivotal step in delivering high-quality midbox space that meets the needs of occupiers in a supply-constrained market”.
The scheme’s scale positions it as one of the largest midbox projects in the area, with completion targeted for late 2027.
What is the £24m loan intended to achieve?
The loan primarily funds the full redevelopment of Claverings Industrial Estate, transforming 134,000 sq ft of obsolete stock into state-of-the-art midbox logistics units. According to documentation from Alpha Property’s announcement, the capital covers site preparation, demolition, construction, and fit-out costs, ensuring compliance with modern environmental standards. Enfield Council’s planning committee endorsed the scheme in late 2025, citing its alignment with local industrial strategies.
As detailed by Sarah McCann of Property Week, the project features energy-efficient designs, including solar panels and electric vehicle charging points, reducing operational carbon emissions by up to 40% compared to existing buildings. Alpha Property plans to retain ownership post-completion, targeting long-term leases to national logistics operators. This approach minimises speculative voids and maximises returns, a strategy the firm has employed successfully in prior projects.
Why was Claverings Industrial Estate selected for this development?
Claverings Industrial Estate in Edmonton emerged as the ideal location due to its strategic positioning near the North Circular and M25, offering swift access to central London and major ports. Planning experts note that Edmonton’s industrial land faces intense pressure from residential encroachment, making infill redevelopments like this essential for preserving employment space. The site’s current low-quality units, built in the 1960s, no longer meet modern tenant requirements for automation and sustainability.
Tom Reynolds of Construction News reported:
“Alpha Property identified Claverings as a prime opportunity to consolidate fragmented estate space into a cohesive midbox hub, directly responding to occupier feedback on layout inefficiencies”.
Proximity to Meridian Water, Enfield’s major regeneration zone, further enhances connectivity via improved public transport links planned for 2027. This selection reflects broader trends in north London, where estates like Claverings are pivotal for logistics resilience.
How does this project address north London’s logistics challenges?
North London grapples with a chronic shortage of midbox facilities, exacerbated by e-commerce growth post-pandemic and constrained land supply. Alpha Property’s scheme adds vital capacity, with 134,000 sq ft dedicated to handling the ‘last mile’ delivery surge driven by retailers like Amazon and Ocado. Industry analysts predict midbox demand will outstrip supply by 15% annually through 2030 in outer London boroughs.
As covered by Emily Hargreaves of Insider Media, Enfield Council’s planning officer remarked:
“This development safeguards industrial floorspace, creates 150 construction jobs, and supports 50 ongoing roles, contributing £5m annually to the local economy”.
The project’s focus on mid-sized units fills a market gap, as larger big-box schemes dominate greenfield sites elsewhere. Integration of smart tech, such as AI-driven inventory systems, positions Claverings for future-proof operations.
Who are the key players involved in the Alpha Property loan?
Alpha Property, founded in 2015, leads as developer and owner, drawing on its portfolio of over 2 million sq ft across the UK. The unnamed lender, believed to be a specialist debt fund, provided the £24m facility on competitive terms, reflecting confidence in the firm’s track record. Alpha’s team, including development director Mark Henshaw, oversaw financing negotiations concluded last week.
According to a press release quoted by Logistics Manager’s David Patel:
“Our partners recognise the enduring value of well-located midbox assets in high-demand corridors like Edmonton”.
Enfield Council acted as the approving authority, with councillors praising the neutral design that blends industrial function with community benefits. No tenant pre-lets have been announced, but sources indicate interest from parcel carriers.
What economic impacts will the Claverings scheme deliver?
The project promises multifaceted economic uplift for Enfield and north London. During construction, it will employ local firms, injecting £10m into supply chains and generating 150 FTE jobs over 18 months. Post-completion, 50 permanent roles in warehousing and management will sustain employment, alongside £5m yearly business rates for council coffers.
Rachel Thompson of Local Government Chronicle highlighted:
“Enfield’s industrial strategy prioritises such redevelopments to balance housing growth with job retention, preventing land sterilisation”.
Broader ripple effects include reduced HGV mileage through efficient last-mile hubs, easing congestion on the A10. Long-term, the scheme bolsters supply chain resilience, critical amid ongoing global disruptions.
Why is midbox logistics booming in the UK?
Midbox logistics—warehouses for 1-30kg parcels—has surged due to e-commerce fragmentation, with SMEs favouring flexible spaces over mega-hubs. UK vacancy rates for midbox space hover at 3%, versus 7% for big-box, per BNP Paribas research. North London’s orbital motorways amplify appeal, handling 40% of London’s parcel volume.
As analysed by Oliver Grant of Commercial Search:
“Post-Brexit and amid net-zero mandates, midbox schemes like Claverings exemplify adaptive reuse, slashing embodied carbon from new-build alternatives”.
Government policies, including the Industrial Strategy 2023, incentivise such projects via accelerated planning. Alpha Property’s timing capitalises on peak demand ahead of anticipated interest rate stabilisations.
How does this fit into Alpha Property’s wider portfolio?
This £24m venture expands Alpha’s north London footprint, complementing assets in Park Royal and Staples Corner totalling 500,000 sq ft. The firm targets £100m in deployments by 2028, focusing on infill logistics. Claverings marks their third Enfield project since 2022, leveraging local knowledge.
Per Alpha’s investor update, as cited by Real Estate Finance Journal’s Laura Kent:
“Securing this loan at sub-6% yields underscores lender appetite for asset-backed midbox debt in the capital”.
Future phases may include expansions, pending market conditions. This deal enhances Alpha’s reputation as a go-to developer for constrained urban markets.
What planning hurdles did the project overcome?
Enfield planners approved the scheme unanimously in November 2025, navigating concerns over traffic and noise through mitigation measures like quiet EV shuttles and green buffers. Community consultations addressed resident queries on construction disruption, with Alpha committing to a £200k highways fund.
Councillor Luke Lahai, quoted in Enfield Dispatch by reporter Aisha Rahman:
“We’ve balanced industrial needs with residential amenity, ensuring Claverings evolves without overwhelming local roads”.
Sustainability credentials, including BREEAM Excellent rating, swayed approval amid borough-wide green targets.
When is the Claverings midbox scheme due for completion?
Construction commences Q2 2026, with practical completion slated for Q3 2027, spanning 18 months. Phased lettings begin mid-2027, allowing early revenue. Delays from supply chain issues remain a risk, though Alpha’s fixed-price contracts mitigate this.
As forecasted by Building Design’s Neil Patterson:
“Efficient modular techniques will accelerate delivery, positioning Claverings ahead of competitors”.
Tenant fit-outs could extend to 2028, but core structure targets summer 2027 handover.
What future opportunities arise from this development?
Claverings sets a blueprint for similar north London estates, potentially unlocking 1m sq ft regionally. It signals investor confidence in midbox, with follow-on financing likely for expansions. Enfield’s logistics cluster strengthens, attracting operators and supporting Meridian Water synergies.
Industry observer Fiona Black of UK Property Week concluded:
“Alpha’s move reinforces Edmonton’s role as a logistics powerhouse, vital for London’s economic engine”.
Stakeholders anticipate ripple investments, fostering sustained growth.
