A multi-million pound mid-box business park is to be created after property developer Richardson Barberry completed the purchase of a consented 40-acre site in Bristol.
The new scheme, at Central Park, Western Approach, will provide the final industrial phase of the already highly successful 350 acre park, comprising a selection of circa 10 buildings ranging in size from 30,000 sq ft to 105,000 sq ft suitable for business uses including light industrial, general industrial and storage and distribution. The development will create hundreds of new jobs, with phase one construction set to commence in Q1 2018.
Central Park boasts several global occupiers including The Range, DHL, Amazon, Lidl, Farmfoods, Davies Turner and CHEP.
Jonathan Robinson, development director of Barberry, said: “This is a significant development that will create the size of warehouses and business units local, regional and national occupiers have indicated are in short supply.
“Our development will cater for this very much needed supply in this location and also compliment the larger buildings at Central Park, catering for a new offering. This scheme will not only bring new jobs to Bristol, but also provide a boost in jobs for the construction sector.
“Highways England will shortly be commencing the works to install a new junction on the M49, which will provide direct access into Central Park. Works are due to start in December and will complete in 2019, providing a national motorway connected site.
“Central Park is one of the region’s largest logistics hubs which borders the M49 in Avonmouth. It is a fully serviced site with planning consent and rail connections, ready for development. Barberry already has several interested parties who have expressed an interest in leasing or purchasing a unit.”
Mark Watkins, of Richardson Capital, said: “Both Richardson and Barberry have a trusting long standing relationship that spans over 30 years and have completed several successful developments together. We are very much looking forward to working together again delivering a circa 550,000 sq ft scheme at Central Park, Western Approach, Bristol.”
Michael Shebson of Delta Properties, owners of Central Park, said: “We are very pleased to welcome Richardson and Barberry to Central Park. Their mid-box offering will add a new dynamic to Central Park, feeding off the major big-box occupiers already in place. This sale almost completes Central Park and we wish Richardson Barberry every success with their speculative development going forward.”