Vertex Business Park, the newest speculative industrial development in Bristol, is almost fully let following a rapid succession of deals.
The scheme was launched by industrial developer Chancerygate in Q4 2019, and is now 83% occupied with just three units remaining. Occupiers include Screwfix, Toolstation, Huboo Technologies, Halo and Exacta Technologies.
The last units available at Vertex Business Park range in size from 5,382 sq ft to 6,111 sq ft, and are being jointly marketed by Colliers International, Alder King and BNP Paribas.
Tom Watkins, head of the South West Industrial & Logistics team at Colliers International, said demand for units at the development in Emersons Green demonstrated the strength of the Bristol market, and in particular the requirement for small units.
“Vertex Business Park has seen a really successful run of deals, which have been driven by Chancerygate correctly identifying a gap in the market,” he said.
“This has been underlined by the high level of interest in Vertex Business Park and shows how an understanding of market fundamentals is the key to success in any speculative scheme.”
Located between the A4174 Ring Road and the M4 near Bristol and Bath Science Park,
Vertex Business Park is the latest development in the South West by Chancerygate, one of the UK’s leading and most proactive industrial developers. Chancerygate was also behind the speculative Apollo Park scheme in Yate, which was fully sold and let ahead of schedule in 2018.
George Jerram, Asset Manager at Chancerygate, said: “The lettings we’ve received at Vertex Park demonstrate the level of demand for new build, well located units, and proves that the risk involved in speculative development invariably pays off.”
The three units that remain available to let are Units 8, 9 and 11, which extend to 6,111 sq ft, 5,836 sq ft, and 5,382 sq ft respectively. All have been built to a high specification which features full-height electric loading doors and first floor offices.
Andrew Ridler, head of Industrial and Logistics Agency at Alder King, said: “Occupiers are being forced to move from the city centre to more outlying areas of Bristol due to a severe shortage of industrial stock, and so Vertex Business Park will play key role in meeting this demand.”
Josh Gunn, head of Industrial Logistics South West at BNP Paribas in Bristol, added: “Vertex Park is a prime location. Not only is it adjacent to the M4 motorway, it also provides excellent transport links in an area which boasts a strong recruitment pool.”
The units at Vertex Park are arranged along tree-lined boulevards between landscaped areas and all feature latest environmentally-friendly technologies to reduce occupation costs. These include high-performance insulated cladding and roof materials, low air permeability design and 15% warehouse roof lights to increase natural lighting.