Kingsbridge has acquired two industrial and logistics development sites in the South of England with a combined GDV of £50m.
At Colthrop Lane, Thatcham (pictured), in West Berkshire, the company has acquired a four-acre freehold site that currently houses 1980s office buildings. The site has detailed planning consent for demolition and redevelopment to provide two standalone warehouses of 40,742 sq ft and 29,870 sq ft.
At Cross Oak Lane, Horley, North Gatwick, Kingsbridge has purchased a four-acre site with planning permission for the construction of two industrial units of 56,959 sq ft and 30,793 sq ft. Demolition works are complete, pre-commencement conditions have been discharged, and Kingsbridge intends to bring forward the approved scheme with minor amendments.
Greg Lukasiewicz, investment director at Kingsbridge, said: “Kingsbridge’s acquisition of these two key industrial sites, both with planning in place, reflect our commitment to delivering high quality, sustainable developments that support the prosperity of the South, create jobs, and meet the needs of employers. We are looking forward to getting started on both sites as soon as possible and to delivering both schemes in 2027.”
Kingsbridge’s advisers on the Thatcham deal were Hatch Real Estate and Gowling WLG (UK). LSH and Freeths acted for the vendor. Kingsbridge’s advisers on the Horley transaction were LSH and Freeths. Tudor Real Estate and Greenberg Traurig acted for the vendor.
