Speculative building, at St. Modwen’s £150 million Access 18 development in Avonmouth, is continuing with another planning application this month to start work on a 150,000 sq ft logistics and production unit.
As part of St. Modwen’s wider UK commercial strategy and in response to the heightened demand for industrial and logistics space, the developer is increasing its industrial offering, particularly in the South West, which is proving a popular area for this type of product. The new unit will provide prime space for warehousing, industrial and logistics firms, proximity to junction 18 of the M5 and a job creation potential of more than 200 roles.
Subject to planning consent, it will join 14 smaller speculative units already underway at Access 18. Available from December 2017, these smaller units offer a choice of floor space, from 5,000 to 15,800 sq ft to accommodate the needs of a wide range of potential commercial occupiers and address pent-up demand in the local area for industrial and distribution space. They too will create opportunity to attract over 200 jobs for the local area.
Pete Davies, Senior Development Manager for St. Modwen in the South West says:
“St. Modwen remains committed to accelerating its commercial development activity across 2017 and beyond, particularly for the industrial, warehousing and logistics sector. Proximity to junction 18 of the M5, and also to Avonmouth Docks, makes Access 18 an obvious choice for businesses looking for prime quality commercial space and our speculative building on site seeks to meet this demand.”
Access 18 is already home to 12 companies including Kent Foods and Hermes Parcelnet Ltd. This 212-acre scheme can also accommodate bespoke buildings to meet specific occupier requirements. Any businesses interested in rent or purchase opportunities at Access 18 should contact St. Modwen’s joint agents, Alder King or Knight Frank.