Plans for industrial estate revealed following acquisition
A Bristol industrial estate is set for major investment following its acquisition in a £5m deal.
Tungsten Properties and joint venture partner Euro Property Investments Limited (EPIL), has acquired a 4.6-acre site at Hayes Way, Patchway South in Filton, Bristol from Arc Group.
Located adjacent to the historic Filton Airfield and two miles from the M5 and wider transport network, a planning application has been submitted to South Gloucestershire Council for a five-unit scheme which will total 94,000 sq ft (8,732 sq m) across two terraces for buildings between 10,000 sq ft and 30,000 sq ft (929 sq m to 2,787 sq m).
The project will target BREEAM Excellent, EPC A and a Biodiversity Net Gain of 10%. The units will be 9.3 metres to haunch and have 800 KVA of power distributed amongst the units. There will be 10% EV charging spaces installed with the remaining 50% of space ‘EV ready’.
As an already established location, other occupiers include Aerospace Bristol, GKN Aerospace Global Technology Centre, Lidl, Royal Mail, Rolls Royce, and Village Hotel Bristol.
The £20m project is forecast to create circa 100 construction roles and, once the buildings have been completed, house up to 100 employment jobs which will boost the economy by £25m in GVA per annum.
Ian Dunckley, development director, Tungsten Properties said: “Our purchase of this strategic Filton site will offer much-needed industrial and logistics mid-box space to Bristol to support SME and larger company growth. Our development and investment will mean that we can bring our mid-box expertise to provide vital space for companies to grow and help to retain high value jobs in the area.”
Subject to planning, construction is due to start in Q3 2025 with completion due Q2 2026.
Russel Crofts, Knight Frank acted on behalf of Tungsten Properties; Chris Grazier, Hartnell Taylor Cook acted on behalf of ARC Group.
Knight Frank and Hartnell Taylor Cook are the commercial leasing agents.
