Bridges Fund Management and Barwood Capital have secured detailed planning consent for a 52,097 sq ft industrial and logistics unit in Bracknell.
The ECO52 unit will be situated on a 3.2 acre site in Bracknell that previously housed the John Nike Leisure Centre. The joint venture partners are targeting EPC A+ and BREEAM Excellent ratings and net zero in operation for the unit. Demolition and site preparation work has already been undertaken.
Henry Pepper, partner at Bridges Fund Management, said: “We know that there is strong demand for highly sustainable logistics space that can help occupiers reduce their operating costs and support their ESG goals. We’re delighted to have the opportunity to revitalise this vacant site with a much-needed industrial development that will create jobs and support local economic growth.”
Adam Smith, asset management director at Barwood, added: “Bracknell is starved of supply for new Grade-A logistics space and ECO52 is well placed to capitalise on the high level of sustained occupier demand we are seeing. Once delivered, it will present as the only 50k sq ft option available in the area. We look forward to working with Bridges to deliver the scheme.”
Hollis Hockley and Hatch Real Estate are joint agents on the scheme.
