Almcor has completed two new lettings at Axe Road Industrial Estate in Bridgwater as part of its industrial open storage (IOS) strategy.
VolkerHighways has taken the 3,490 sq ft Unit Y on a new 12-year lease and DAF dealership Adams Morey has signed for Compound F, a 1.18-acre yard, on a new 10-year lease.
Almcor acquired Axe Road Industrial Estate, along with Cherry Road Industrial Estate East and Cherry Road Industrial Estate West, in March 2024, and has invested significantly in the refurbishment and repositioning of the 30-acre site.
Peter McCluskey, head of active value at Almcor, said: “This site was previously in very poor condition and required full clearance and new fencing in order to be let, with the added benefit of smartening up the front of the estate. The whole estate was lacking in investment upon acquisition, but we saw the potential in the asset, and the location, and our capital expenditure has paid off. We look forward to welcoming further new occupiers to the area in the near future.”
Sophie Parsons, surveyor at JLL, which is the retained letting agent for the whole Bridgwater site, alongside McKinlays, added: “The refurbishment and repositioning of Axe Road Industrial Estate is very welcome for the area and has enabled us to secure some great new national and local occupiers to the area. Along with Volker Highways and DAF, Unit 39F has recently been let to a private individual to operate an MOT garage and Unit CH1 is now occupied by Jasun Envirocare.”
