Fiera Real Estate UK and Opus Land have acquired a 50-acre site in Bristol and are working up a proposal for a mid-box logistics park.
The site, known as Opus 49, is the final phase of the six million sq ft Avonmouth’s Central Park, which is home to a number of blue chip clients, including Amazon, Lidl and The Range.
Opus 49 is adjacent to the A403 and is less than one mile from the newly created J1 of the M49, as well as being close to Avonmouth Docks and DB Rail Freight.
The first phase of development on the new site, which already has planning permission for unrestricted logistics and industrial development, will see the creation of a 100,000sq ft unit on a 5.3-acre portion of the site. Enabling works are due to start on-site this quarter.
The developers are planning to have BREEAM Excellent and EPC A ratings, achieved through the incorporation of water-saving and renewable energy technologies, such as roof-mounted PV panels and electric car charging points.
Chris Button, FRE UK head of value add REIM, said: “We are very pleased to be bringing forward yet another high-quality and sustainable scheme alongside our pperating partner, Opus Land.
“This acquisition represents the seventeenth purchase for our value-add fund, FREOF V UK, which currently has a pipeline of more than 1.4 million sq ft of industrial and logistics space. The Fund is targeting similar sites for speculative industrial development around the UK.”
John Griffiths, director at Opus Land, added: “This is the first logistics scheme for Opus Land in the South West and for it to be of scale and within such a prime location is incredibly exciting for us.
“We look forward to working closely with occupiers and their advisors to deliver the quality of buildings for which we have become renowned across the Midlands.”