Joint venture partners and commercial property developers and investors, St Francis Group and iSec have confirmed the completion of ground works and the formal start of unit construction at Horizon 38, a major new mixed use development on the former Rolls-Royce East Works site, south of Gipsy Patch Lane.
Buckingham Group have been appointed contractors on the development and moved onto site to begin work on the first phase of building works. It is expected that in this first phase of development a range of new industrial and distribution units will be ready and available for occupation by as early as July next year. They form part of a new 1 million sq ft mixed use development offering opportunities for industrial, warehousing, trade, office, hotel and car showroom development.
Speaking about the announcement, 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.”
“We’ve engaged with the local business community and look forward to working with them to satisfy their requirements for high quality new industrial and distribution accommodation and to welcoming new businesses into the area. 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”.
The development of 580,000 sq ft of industrial employment space is being built in four phases and funded by the BP Pension Fund. Horizon 38 will consist of 27 units, with the first delivery of completed logistics and manufacturing space coming on stream in the summer of 2017 with later phases completed in 2018.
In addition to the industrial and distribution opportunities available, a 25-acre commercial park is being developed fronting onto the A38 anchored by a Village Urban Resorts hotel together with a range of car showrooms, self-storage and other trade counter users.