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.
Also commenting Mike Forster, Development Director iSec, said:
“This is a hugely significant project for Bristol. Horizon 38 sits in the heart of the Filton Enterprise Area regeneration site, a highly concentrated, high quality employment area and key UK investment location. Filton has a long and established successful history in advanced engineering, aerospace and defence, home to leading occupiers such as Airbus, Rolls-Royce, GKN and the MoD.”
Giles Weir of JLL, joint letting agent on the development, said:
“The scale of the development is indeed impressive and we are excited at the prospect of seeing this landmark scheme through to completion. The location is fantastic and the product will be of the highest quality so we are not surprised that initial levels of interest have been strong from industrial, logistics and trade occupiers alike.”
“The Bristol market is in need of new stock in all sizes ranges so having units from 3,800 – 115,000 sq ft makes Horizon 38 the perfect solution.”
More information: Horizon 38 brochure
Related link: East Works Redevelopment (The Journal)
This article originally appeared in the November 2016 edition of the Bradley Stoke Journal news magazine (on pages 30 & 31). The magazine is delivered FREE, EVERY MONTH, to 9,500 homes in Bradley Stoke, Little Stoke and Stoke Lodge. Phone 01454 300 400 to enquire about advertising or leaflet insertion.