Demand for industrial and logistics space remains strong in Bristol and the wider area.
Knight Frank Bristol has recently let another unit at Ascent on Pucklechurch Industrial Estate, on behalf of their long-standing client BlackRock Industrial Trust.
Pucklechurch Industrial Estate is strategically located on the North-eastern Fringe of Bristol, offering easy access to Bristol, Bath, and the M4 at Junction 18.
With the letting of Unit 1 to Waterlogic,UK Limited, and further lets completed on 2 & 4, and with 7 under offer, there are now only three units remaining, 3, 5 & 6, offering space ranging from 4,376 to 10,236 sq ft. All units are brand new and comprise of warehouse space, fitted offices at first floor, with forecourt parking and loading areas.
Rhys Jones, Associate of Knight Frank’s Industrial Agency team, said: “It is pleasing to see the continued demand for industrial and logistics space at the scheme – Ascent remains the only multi let development to complete since the beginning of 2021, the units are new and of high specification which has made them stand out in a market where there is an undersupply of stock. We hope to build on the most recent letting to Waterlogic and find occupiers for the last 3 remaining units.”
David Tyson, Director at Peloton Real Estate (Asset Manager for the estate), said: “We are pleased to name Waterlogic as the latest occupier at Ascent, who expand their nationwide coverage to Bristol. There are a number of upcoming Asset Management opportunities on the wider Pucklechurch Industrial Estate which we look forward to refurbishing and bringing back to the market with our mutual clients BlackRock and joint agents Knight Frank & JLL.”