£100 million industrial scheme planned at Bristol logistics site

Opus-49

A £100 million industrial scheme is planned at a major logistics site near Bristol.

The 50-acre site site, which represents the final phase of Avonmouth’s six million sq ft Central Park, sits adjacent to the A403 – less than one mile from the newly created J1 of the M49 and close to Avonmouth Docks.

Central Park is already home to corporate giants including Amazon, Lidl, and The Range.

The site, which comes with planning consent for logistics and industrial development, has been acquired by Fiera Real Estate and Opus Land.

The first phase of development at Opus 49 will see the creation of a 100,000 sq ft unit on a 5.3-acre portion of the site, with enabling works due to start on-site this quarter.

Opus Land says it will put “sustainability at the heart of its design” and development is targeting BREEAM Excellent and EPC A ratings, which will be achieved through the incorporation of water-saving and renewable energy technologies, such as roof-mounted PV panels and electric car charging points.

Chris Button, head of value add REIM at FRE UK, said: “We are very pleased to be bringing forward yet another high-quality and sustainable scheme alongside our operating partner, Opus Land.

“This acquisition represents the 17th purchase for our value-add fund, FREOF V UK, which currently has a pipeline of more than 1.4million sq ft of industrial and logistics space. The Fund is targeting similar sites for speculative industrial development around the UK.”

John Griffiths, director at Opus Land, said: “This is the first logistics scheme for Opus Land in the South West and for it to be of scale and within such a prime location is incredibly exciting for us.

“We look forward to working closely with occupiers and their advisors to deliver the quality of buildings for which we have become renowned across the Midlands.”

Savills acted on behalf of FRE UK and Opus Land, with JLL acting on behalf of the vendor.