Bridges Fund Management and Barwood Capital have secured detailed planning consent from Bracknell Forest Council for the construction of a single, 52,097 sq ft, industrial and logistics building.
The scheme, ECO52, will be situated on a 3.2 acre site in Bracknell that previously housed the John Nike Leisure Centre. Demolition and site preparation work has already been undertaken.
ECO52 will deliver much-needed logistics space to the area. It is strategically located on the A329(M) between Bracknell and Reading, just five minutes from Junction 10 of the M4 motorway and ten minutes from Junction 3 of the M3.
The development will boast market-leading ESG credentials, targeting EPC A+ and BREEAM Excellent ratings and Net Zero in operation.
Henry Pepper, Partner at Bridges Fund Management, said: “We know that there is strong demand for highly sustainable logistics space that can help occupiers reduce their operating costs and support their ESG goals. We’re delighted to have the opportunity to revitalise this vacant site with a much-needed industrial development that will create jobs and support local economic growth.”
Adam Smith, Asset Management Director, Barwood, added: “Bracknell is starved of supply for new Grade-A logistics space and ECO52 is well placed to capitalise on the high level of sustained occupier demand we are seeing. Once delivered, it will present as the only 50k sq ft option available in the area. We look forward to working with Bridges to deliver the scheme.”
Joint agents appointed to the scheme are Hollis Hockley and Hatch Real Estate.
The planning consent remains subject to final legal sign-off.