Tungsten Properties has acquired 25 acres of land for a 457,000 sq ft (42,456 sq m) logistics scheme in Avonmouth, Bristol.
The 25-acre scheme is across two plots to the north and south of Severn Road and will accommodate the logistics schemes across six buildings, ranging from 16,000 sq ft to 240,000 sq ft. It is estimated that the project will help to create more than 300 new jobs.
Tungsten Properties is committed to delivering phase one which will be two industrial units totalling 80,000 sq ft and 240,000 sq ft.
Construction is due to start in September 2021 and the two budlings will be completed by summer 2022.
Phase two will be four smaller buildings which will range from 20,000 sq ft up to 62,000 sq ft to total 125,000 sq ft.
Avonmouth is a well-known and established south-west distribution location due to its thriving port and links to the M49 and M5. Occupiers include Amazon, Lidl, Tesco, DHL, Next, The Range, Coop, Acolade Wines and Asda.
Further details to follow. Any questions, please contact Russell Crofts, Knight Frank on +44 117 917 4535.