Construction has started on the first phase of a multi-million pound business park in the South West, joint venture property developer Richardson Barberry announced today.
The speculative development of phase one – five mid-box industrial units, totalling 174,500 sq ft – is underway at the 40-acre site in Bristol, which was acquired by Richardson Barberry late last year.
The site is capable of accommodating 556,000 sq ft of mid-box industrial units. VINCI Construction UK has been appointed and are now on site delivering the scheme, known as More +, Central Park.
Located at Central Park, Western Approach, Avonmouth, the development will provide the final industrial phase of the already highly successful 350-acre park. It will comprise 11 buildings ranging in size from 13,200 sq ft to 105,000 sq ft.
The units are suitable for business uses including industrial, storage and distribution. The development – a joint venture between Barberry Group and Richardson – will create hundreds of new jobs.
Central Park boasts several major occupiers including The Range, DHL, Amazon, Lidl, Farmfoods, Davies Turner and CHEP.
Jonathan Robinson, Barberry development director, said: “With the estate road now complete we have started construction of the first five units. There is significant pent up demand in the region for mid box units, which is why we are confident that speculative development is the right strategy for this site.
“This is a significant development of a total 556,000 sq ft of industrial/warehouse space that will create the size of warehouses and business units that local, regional and national occupiers have indicated are in short supply. It will also complement the larger buildings at Central Park. The scheme will bring around 700 new jobs to Bristol and provide a boost in jobs for the construction sector.”