Phase 2 of Horizon 38 nearing completion with speculative building of trade showrooms underway

Phase two of north Bristol’s Horizon 38 scheme, one of the biggest mixed-use redevelopment projects in the country, is nearing completion.

The construction of a terrace of seven trade showrooms, the latest phase of development by St Francis Group and iSec, is currently under way and will be ready for occupation in April this year. The units are visible from the A38 and front the new Taurus Road, named after a historic military aero engine built locally by the Bristol Aeroplane Company.

The new high specification units, with allocated customer parking, provide businesses with a prominent frontage to promote their trade counters and showrooms, alongside a significant anchor occupier, Selco Builders Warehouse, opening in May. The site offers an excellent location in north Bristol for deliveries and ‘just in time’ customer stock holding.

Units are now available for companies to lease from 3,800 sq ft to 31,700 sqft, the size of the combined terrace building. The project complements the bigger logistics and factory units available at the park which range from 20,000 to 115,600 sq ft, and other new occupiers including Urban Village Resorts’ new hotel, which is under construction, and a proposed seven-acre car supermarket fronting the A38.

Giles Weir, a director at JLL Bristol, which is joint letting agent with GVA on the Horizon 38 scheme, comments: “This is a rare opportunity to secure a high profile trading position in the heart of one of the biggest mixed-use redevelopment schemes in the country. As YTL get going with their new residential suburb on Filton airfield opposite, and the rest of the scheme takes shape, this will be an ideal base for high profile trade businesses to thrive.”

Cromwell Property Group, the global real estate investment manager, has signed a 40-year lease with Q-Park, the leading European parking operator, on a 282-space multi-storey car park at St John’s Shopping Centre in Leeds.

The new long-term lease replaces a short-term lease and enables Q-Park to progress with an eight-month refurbishment that will bring the car park into line with the operator’s house style, including fully coated deck finish and additional decoration. Q-Park already operates five parking facilities in Leeds city centre, which has undergone a significant transformation in recent years.

Cromwell acquired the 162,000 sqft shopping centre on behalf of a client in June 2015. It comprises 34 retail units occupied by several well-known brands including McDonalds, Post Office, Poundland, Phones 4U and Virgin Media, and 34,000 sqft of office space occupied by the bookmakers William Hill plc and Sanef, the European toll road company.

Stephen Cahoon, Head of UK Asset Management at Cromwell Property Group, commented: “We are delighted to have worked with our valued tenant Q-Park to extend their lease at the St John’s Centre, Leeds. The car park is well used in Leeds and with improvement works now on site, the Q-Park offer at St John’s will only improve further.”

Adam Bidder, Managing Director at Q-Park, said: “Leeds is a strategically important city for Q-Park because of the mobility demands of the city. This is why we are so pleased to be able to commit ourselves to Q-Park St John’s. We’re especially excited about the redevelopment as we continue our quality ethos in our parking facilities.”