Logistics company Kuehne + Nagel has bought a 60,000 sq feet warehouse at Dagenham's Orion Park hub, according to reports.
AXA Real Estate Investment Managers and Roxhill have already begun construction on the cross-dock facility at the 6.5 acre site, website CoStar said.
It said the new warehouse would account for around one-third of the Goresbrook Interchange park's first phase of development, and that it would be ready for occupation in November.
The City of London Corporation is about to buy Barking Power Station site in east London for around £125 million, according to Property Week.
A £25 million grant for Barking and Dagenham Council will help it support new housebuilding over the next four years.
Councillor Darren Rodwell, the leader of Barking and Dagenham Council, has welcomed the decision to approve the proposed Beam Park…