The Bristol office of DTZ, together with Jones Lang LaSalle and Hartnell Taylor Cook, have been appointed as joint agents for Westgate, a major new distribution park in the south west.
Westgate is a joint venture between Harrow Estates plc and Robert Hitchins Limited and comprises a 296 acre distribution park in Severnside, Bristol. Over 2 million sq ft of warehouse/distribution accommodation has already been developed on the site with a further 4 million sq ft of space available for development.
Tesco currently occupies Phase 1 of Westgate in a recently developed 500,000 sq ft warehouse. Buildings at the site, which is close to the expanding Avonmouth & Portbury Docks, are available from 50,000 sq ft to 1 million sq ft.
Will Nell, Associate Director, Industrial agency at DTZ in Bristol commented: “We are delighted to be instructed on this exciting new scheme for the region which forms part of the Avonmouth Enterprise Zone. Severnside is already an established industrial location, with excellent transport links, and the well documented shortage of prime industrial stock in the south west means Westgate is well placed to meet occupier demand.”
Paul Baker, Director at Jones Lang Lasalle added: “Whilst there are a number of sites available in the Avonmouth/Severnside area few owners are prepared to sell freehold plots as well as offering a design and build option.”
Simon Harvey, Partner at Hartnell Taylor Cook also commented: “Development on site will be occupier lead, but there are an encouraging number of enquiries for companies looking for new distribution or manufacturing facilities in the area despite the challenging economic conditions.”
The site recently secured planning consent for a further 411,000 sq ft of distribution warehousing. Harrow Estates and Robert Hitchins, together with the land owner, Central Park, have also applied for funding for a new motorway junction on the M49 which could further enhance the appeal of the scheme to occupiers.
