JP Morgan Asset Management and joint venture partner Graftongate have submitted a planning application for a prime urban logistics development in Bracknell, having exchanged contracts on the acquisition of a 5.7-acre site.
The scheme proposes a single, high quality warehouse of 130,939 sq ft, targeting demand from occupiers in the Thames Valley and wider South East logistics market.
Located on Ellesfield Avenue within Bracknell’s Southern Business Area, the development is less than one mile from the A329(M), providing access to Junction 10 of the M4 and connectivity across the wider South East motorway network.
The 5.7-acre site is currently occupied by a three-storey office building and adjoining two-storey training facility extending to 78,500 sq ft.
Acquisition of the site forms part of the £500 million joint venture between JP Morgan Asset Management and Graftongate, focused on delivering urban logistics assets across key UK locations. Completion of the purchase is expected in Q4 2026, once the vendor has secured vacant possession.
Alex Thomason, Director at Graftongate, said: “Our partnership with JP Morgan Asset Management continues to identify opportunities in locations where occupier demand significantly outweighs the availability of modern space. With a limited development pipeline and low supply of Grade A industrial stock across Bracknell and the wider Thames Valley, we believe this scheme is well positioned to serve the market. We look forward to completing the acquisition and progressing the development.”
JP Morgan and Graftongate were represented by Hollis Hockley, with Cushman & Wakefield acting for the vendor.
