LSL Partners has sold the freehold interest in 129 acres on Arterial Road in Thurrock in Essex to Global Infrastructure UK, a vehicle linked to Google, for £47 million.
According to Companies House, Global Infrastructure UK Limited recently bought the site, which sits alongside Lakeside Shopping Centre and Thurrock Gateway Services. It has two active directors, including one who holds a senior position at Google.
It is unclear what Google plans to do with the site, but LSL has confirmed on its website it has been sold to a "hyperscaler". The site has been sold by DTRE as being suitable for redevelopment as a self-contained logistics park of circa 1.3 million square feet and it is thought Google has plans for a major data centre development.
LSL bought it in 2017 from two private landowners. It submitted a planning application for 2,500 homes in 2018, including a lido, community centre, primary school, health centre and walking and bike trails. It was formerly used as a raceway track and before that a landfill.
DTRE advised LSL.