Barwood Capital has acquired a 2-acre freehold site in Stevenage from BlueBird Land on which it intends to build a £12m GDV warehouse scheme.
The site off Gunnels Wood Road, which currently houses an obsolete office with an existing planning consent, will be redeveloped speculatively to deliver a 36,000 sq ft industrial unit.
Barwood Capital, in partnership with BlueBird Land, is targeting a BREEAM Excellent rating for the new unit, with practical completion anticipated in Q4 2026.
Jonny Ellerington, investment director at Barwood Capital, said: “We are delighted to secure this strategically located site in Stevenage, which offers an outstanding opportunity to deliver another Grade A industrial scheme under Growth Fund V. This development will strengthen our portfolio with a further high quality asset that meets strong environmental standards, addressing the pressing demand in a market which is currently undersupplied. By working alongside BlueBird Land, we are committed to creating a sustainable, future-proofed asset that will meet the needs of occupiers and support employment in the area.”
Jeff Wilson, co-founder of BlueBird Land, added: “Having acquired the site in January 2025, we submitted a planning application in March and received unanimous support from members at the July planning committee. We are excited to have completed the sale and to team up with Barwood to deliver this best-in-class, high quality urban logistics unit.”
Barwood Capital was advised by DTRE and Forsters. BlueBird Land was advised by Joiner Cummings, Adroit Real Estate Advisors and Hill Dickinson.
