The firm has acquired the 175,000 ft² Atlas warehouse building, purpose-built on a nine acre site which abuts the Edmonton refuse incinerator.
At the moment the site is an empty shell but the deal is Greenstars largest strategic investment to date in developing its national MRF infrastructure.
The Greenstar Atlas site is licensed to process up to 250,000 tonnes of recyclables annually through its MRF, as well as for handling a further waste transfer station. The waste transfer station is due to start operation in November this year, bulking residual waste for landfill disposal, while the MRF should be fully operational by July 2009.
It will be designed to process both domestic and commercial dry recyclables.
Greenstar UK chief executive Ian Wakelin said: Greenstars investment in north London comes at a critical time. It is really significant for the capital as there is a serious shortage of local MRF capacity. Our new facility is right in the heartland served by the North London Waste Authority, which acts on behalf of seven London local authorities, and will go a long way to providing the recyclable processing and waste bulking requirements of the area.
Image: Greenstar 'empty shell' MRF