Howard Tenens has secured planning permission for the potential further development of its Sharpness site in Gloucestershire. The privately-owned logistics company will be entering into a Joint Venture with the Pearce Family, owners of the neighbouring land adjacent to the existing Severn Distribution Park which houses the Howard Tenens Sharpness operation.
The planning application was submitted as a result of a growing demand for logistics and warehousing space across the country, and the Howard Tenens property portfolio nearing capacity.
The company is currently finalising plans for the development before deciding whether it will speculatively develop what will be known as “Bristol Gateway II”, following the success of the original Bristol Gateway.
The original 169,478 sq ft Bristol Gateway warehouse increased the Sharpness site warehouse footprint to 638,580 sq ft, and the potential further 467,000 sq ft would see the site climb over 1 million sq ft.
Simon Emms, Property Director at Tenens, said:
>“We are delighted to have received this planning consent. Having secured a long term letting to CM Downton on the recently developed Bristol Gateway and with our current high occupancy levels, allied to the demand for warehouse space in the market we are very excited about the prospects for this development. Securing CM Downton has also highlighted the suitability of Sharpness as a logistics location and bodes well for future employment opportunities in the area”