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£120m Horizon speculative warehouse project takes shape

£120m Horizon speculative warehouse project takes shape

New images have been released of one of the UK’s largest ever speculative warehouse schemes.

Work is continuing apace at Horizon38, the £120m scheme currently being built at the former Rolls-Royce East Works site in Filton, near Bristol. Once complete Horizon38 will comprise up to 1million sq ft of mixed use space.

The project combines factory and distribution buildings totalling 580,000sq ft with a further 25 acres of mixed employment space including new offices, trade warehouses, and motor trade outlets.

The scheme will ultimately support the supply chain of neighbouring aerospace industries, and complement the YTL development of the former Filton airfield situated on the opposite side of the A38 where 2675 homes are planned.

The first occupiers are already moving in, with Selco Builders Merchants due to open their store in November this year; construction starts imminently on the new 153 bed hotel; while 210,000sq ft of warehousing is currently available to let. Big improvements to the local road network are also being undertaken.

Paul Hobbs at GVA, joint letting agent on the scheme with JLL, said: “A lack of site options outside Avonmouth, together with the wider economic downturn, led to a serious lack of investment and opportunity in the region’s industrial stock, leaving occupiers with little or no choice when it comes to relocation or expansion in the traditional employment areas.

“With 320,000sq ft of quality space reaching completion, occupiers now at last have the chance to benefit from this renewed activity in the market. Two units are already under offer on the scheme with some very high-profile enquiries being received.”

The first phase of Horizon38 comprises six units, aimed at occupiers within the logistics and manufacturing sectors, ranging in size from 3,800sq ft to 115,600sq ft.

Further phases will come on stream in early 2018 resulting in a total of 580,000sq ft of logistics, industrial and trade counter space.

Horizon38 is being developed by Midlands-based developer St Francis Group with London based iSec. Buckingham is the principal contractor.

TAGS: H38Bristol
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