Speculative logistics developments in Bristol and MK

Two companies have announced they are speculatively developing warehousing and distribution sites in Milton Keynes and Bristol.

Prologis announced it is to speculatively develop a 275,000 square foot distribution centre at Prologis Park Marston Gate in Milton Keynes. This will be next to the 151,000 square foot national distribution centre that Prologis is building for furniture retailer Dwell. The new centre will complete the second phase of the Prologis Park Marston Gate.

The new site is designed and constructed to achieve a minimum BREEAM ‘very good’ accreditation and a high EPC rating, it will include a rooftop solar installation that is designed to generate 10% of the building’s regulated energy. Construction is to begin this month ahead of completion in summer 2017.

“This distribution centre builds on the success of our two recent phases of speculative development and it is the largest speculative building to be constructed in the UK since the Brexit vote,” said Andrew Griffiths, managing director, Prologis UK.

Meanwhile St Francis Group and iSec are building a 580,000 square foot scheme in Bristol, that will be the largest speculative warehouse scheme in the West of England for 20 years. This will be part of a planned, 1 million square foot mixed use development on the former Rolls Royce East Works site in Filton.

The JV has already broken ground on the 65 acre, £120 million business park. It is expected that this first phase of development will open up a range of new industrial and distribution units for occupation as early as July 2017.

Gareth Williams, development director at St Francis Group, said: “This is an exciting phase of development. With the entire site now cleared and levelled you can clearly see the scale of development proposed at Horizon 38. It is the first major employment scheme to come out of the ground in north Bristol for 20 years.

“For a long time local occupiers have struggled with little or no available stock. That’s all about to change now with the development at Horizon 38.”
 
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