More than 50% of the first phase of Bristol’s biggest speculative industrial developments in years has already been let off plan.
The two largest units at Apollo Park, which total around 39,000 sq ft, have been let by commercial property specialist Colliers International, acting for developer Chancerygate, together with joint agents JLL.
Alastair King, Development Director at Chancerygate stated “We are delighted to have completed the new units in Yate and look forward to welcoming new occupiers over the forthcoming months.”
Tim Davies, Head of Colliers International’s Bristol office, commented: “Apollo Park provides new warehouse space which has been lacking in the Bristol market for the past five years and more.”
Apollo Park is situated on Armstrong Way on the established Great Western Industrial Estate in Yate, and commands a prominent location visible from Goose Green Way. It is ideally positioned for Junction 18/19 of the M4 motorway, and for Junction 14/15 of the M5 motorway, as well as for access into central Bristol via the A432 / M32.
Phase 1 of Apollo Park represents 50 per cent of the total 6.5 acre site, and provides 12 units totalling 82,200 sq ft, which are available on either a freehold or leasehold basis.
Saddleback, the elite performance cycle company, advised by Knight Frank, has leased Units 11 and 12, which are the two largest units situated to the rear of the scheme. A variety of end users are expected to be attracted to the remaining available units, which provide flexible industrial space ranging from 3,500 to 5,000 sq ft. The units can be consolidated to accommodate larger requirements if necessary.
Tom Watkins from the Industrial and Logistics team at the Bristol office of Colliers International said Apollo Park would replenish stock in Yate and meet the growing demand from companies looking to secure warehouse space in this location.
“Yate has always been popular because of its close proximity to the M4 and M5 motorways,” he said.
“There has been a noticeable increase in industrial activity in Yate recently, and this has continued through the summer months when the market traditionally goes quieter.”