Homeware retailer The Range’s new 1.2m sq ft Bristol South of England distribution centre is racing towards completion this spring as hopes for a new M49 motorway junction intensitfy.
The development at Central Park, Avonmouth, follows the purchase last year of a 55-acre site in a deal with Delta Properties. The 121-acre park is alongside the M49 motorway.
New aerial photos show the extent of the new development and how it is taking shape.
“Plans for the new M49 junction promoted in support with the local enterprise partnership, coming straight into Central Park, are almost finalised and will further enhance the scheme and lead to further growth,” said Paul Hobbs, director at GVA. “It puts Central Park on the map as one of the UK’s most successful distribution parks this year and its significance for Bristol and the South West should not be underestimated.”
Alongside The Range, Lidl acquired 33 acres of land to build 600,000 sq ft at Central Park in 2016 and have just started construction; Mountpark acquired land for a 410,000 sq ft three unit speculative scheme, and most recently, Davies Turner Logistics acquired land for a 260,000 sq ft distribution centre. 100 acres of immediately developable land remains available.
The new junction on the M49 is due for completion in 2019. We are delighted with the pace of growth at Severnside, with Central Park providing economic benefits for the whole region.
Building work at Central Park comes as Bristol’s warehouse market powers ahead. “With record take-up, the declining supply of high quality space in the last 12 months has led to virtually no prime standing stock available at all, which is a common factor across most of the UK industrial markets,” said Hobbs.
“We’re expecting 2016 to end on a high for industrial take-up in Bristol. The first six months of the year recorded a massive 3.217 m sq ft and 48.36 acres of development land – that is only 1% off the whole of grade A industrial take-up in the core East Midlands hotspot. In contrast, the take-up for the whole of 2015 was 2.6 million sq ft. “