This article was originally featured on CoStar News. Written by Luke Haynes
Unit G5, one of the largest single speculative warehouses to be built in Bristol, has reached practical completion at Horizon38, the regeneration and employment scheme in Filton.
The 115,600 square foot warehouse has been delivered by St Francis Group and ALMCOR and is immediately available for occupation, with a quoting rent of £8.50 per square foot.
Agents have suggested aerospace firms could look to capitalise on the new space, with a host of leading aerospace companies, including Airbus, BAE Systems and Boeing, already in the area.
The West of England’s aerospace and advanced engineering sector is worth more than £2.7 billion, according to Invest Bristol and Bath.
Situated within the Filton Enterprise Area, Unit 5G has been completed to a high specification, including 10 dock level doors, and two ground level doors, 50 KN/m2 floor loading, haunch height of 12m and a large secure yard.
It has also been constructed with sustainability in mind with six electric vehicle charging points, while the property also includes 5,600 square feet of offices on the upper floor.
Horizon38 was acquired by a joint venture between St Francis Group and iSec, now Almcor, late in 2015. The property is on Gipsy Patch Lane which has immediate access to the M4, M32 and M5 motorways. Patchway Railway Station is also within close proximity.
The wider business park comprises industrial and distribution buildings totalling 580,000 square feet, with a further 25 acres of mixed employment space, including offices, trade warehouses, motor trade outlets. High profile occupiers signed up to the scheme include Village Urban Resorts, Volvo, GKN and CarShop.
Nigel Lax, joint founder of iSec Group, now Almcor, said: “Unit G5 represents the culmination of seven years hard work on the part of Almcor and St Francis Group in regenerating the former 65-acre East Works Site and creating North Bristol’s premier business park.”
James Short, associate at Avison Young, added: “Unit G5 will be a continuation of the high quality, sustainably built, speculative units developed at Horizon38, sitting alongside prestigious occupiers such as the Delivery Group and Elemis.
“As a result of this accessibility, the size and high spec development of the new unit, the warehouse could easily act as a major industrial HQ for a local company, a strategic logistics hub servicing the region, or a facility to expand the neighbouring aerospace industries.”
Joint letting agents are JLL and Avison Young.
