abrdn agrees to fund new 136,000 sq ft manufacturing facility being constructed for British Off Site

Acting on behalf of The Marshgate Group, Coke Gearing Consulting and Knight Frank have completed the sale of Plot 4 at Horizon 120 Business Park in Braintree, Essex, to abrdn on behalf of its Long Lease Property Fund, represented by JLL.

Comprising a new unit of 136,000 sq ft on a site of 7.5 acres, this modern state-of-the art building (EPC Rating A & BREEAM “Very Good”) has been pre-let to Weston Group Plc for its British Off Site subsidiary.

Construction has now commenced with practical completion expected in August 2022. Readie Construction Limited have been appointed as the main contractor.

Horizon 120 is a 65-acre development site which will support up to 750,000 sq ft of mixed-use employment. This transaction follows sales to owner occupiers of c. 135,000 sq ft and brings the total under construction to c. 270,000 sq ft.

This investment is a major vote of confidence for this high-quality development, conceived and initially funded by Braintree District Council and delivered by The Marshgate Group.

Knight Frank and Coke Gearing Consulting are joint letting agents.