The lack of industrial space in Bristol has been underlined by a recent letting in Bishopsworth.
The deal sees Tildernet, a manufacturer of netting and fencing equipment, take a 55,677 sq ft unit which has been empty for nearly a decade, and agree to undertake an extensive refurbishment to bring the accommodation up to modern standards.
“With industrial stock in short supply in the Bristol area, we are increasingly seeing tenants who are prepared to take on more responsibility to get deals done,” said Tom Watkins from the industrial team at the Bristol office of Colliers International.
“In the past, tenants have been reluctant to undertake the task of refurbishing units themselves, but in this case, given the lack of stock generally across Bristol, Tildernet decided to take on this responsibility in order to secure the letting of space in their preferred location within the city.”
The unit on Cater Road comprises a double bay, portal frame warehouse with two-storey ancillary offices, plus separate yard areas to the front and rear of the building. The unit was previously used as a chill store by Somerfield (acquired by the Co-op Group in 2008), but it became surplus to requirements.
Colliers International acted as joint advisor on behalf of the Co-op alongside Hartnell Taylor Cook. Tildernet was unrepresented in the deal.