The South West’s largest industrial letting this year has been secured by St Francis Group in a joint venture with iSec at its prime Horizon-38 scheme in Bristol, rewarding its commitment to the city.
The 115,500 sq ft speculatively built unit in the new Filton development area, has been let to long-established Bristol firm Apec Braking in a deal which both underlines the demand for high-spec new build warehousing in the region and the strength of the city for inward investment.
This has been one of the largest single speculative warehouse units ever to come onto the South West market, built to respond to a complete lack of standing stock following rapid logistics space take-up since the recession.
Commenting on the deal, Gareth Williams, Development Director of St Francis Group said “The high-quality specification of the units at Horizon38 and the attractive mixed-use nature of the location is exactly what the market is demanding at the present time. There’s been a lack of any quality big shed supply in the regional property market over recent years, and now, as the demand from the likes of logistics and distribution companies increases for urban locations, Horizon38 meets that need precisely.