Trebor Developments and its partner Hillwood are set to speculatively develop their land at Central Approach, in order to deliver 113,452 sq ft.
The scheme at Avonmouth Severnside, Bristol, is scheduled to practically complete in Q1 2022. Colliers and CBRE are joint agents.
Tom Watkins, head of Industrial & Logistics in the Bristol office of Colliers, said: “The speculative unit benefits from the full suite of industrial use classes, so it can accommodate a wide range of industrial and distribution occupiers.
“The unit will be constructed to a high specification with a minimum eaves height of 12m, 50 – 70m yard depth, fitted office accommodation with shower facilities, EV charging points and the unit benefits from 1MVA power supply.”
Philip Cranstone, director in Industrial & Logistics at CBRE in the Bristol office added: “The location is already renowned as the South West’s premier industrial and logistics hub, having been chosen by a number of major companies seeking prime ‘big box’ industrial space, including Amazon, Royal Mail, Lidl, The Range and DHL amongst many others.
“Furthermore, the high specification and design attributes of Central Approach, together with its range of permitted uses, means we expect it will also appeal to businesses outside of pure logistics.”
The news of this speculative development follows the recent announcement by Trebor Developments and Hillwood, that they had secured the pre-let of 108,000 sq ft to Oxford Instruments, a leading global provider of high technology products and services.
James Drew, Development Director at Trebor Developments, said: “We are delighted to have concluded this significant pre-let at Central Approach, which will kickstart our scheme. We are excited to be delivering 113,452 sq ft speculatively, which will be a welcome prime addition to a market which has rapidly been starved of supply due to strong take-up over recent years.”