Bridges Fund Management has teamed up with Graftongate to acquire a six-acre site near Southampton, with a view to developing one of the UK’s most sustainable logistics buildings.
The pair have submitted a planning application to develop a 135,000 sq ft industrial/logistics unit at Nursling Industrial Estate, near Junction 3 of the M27.
The development is expected to have a value of £40m and will be net zero carbon in operation. It will also target EPC A+ and BREEAM Outstanding, which would make it one of the UK’s most sustainable industrial buildings.
It is the pair’s first project together.
Bridges partner Henry Pepper, said: “There continues to be demand for logistics space on the South Coast, with relatively little supply – and we have seen from our previous developments that sustainable developments are becoming increasingly attractive to corporate occupiers.”
JLL advised the vendor; DTRE and Gowling WLG acted for Bridges and Graftongate.
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