Wrenbridge and Bridges Fund Management have launched a joint venture with Gallagher Properties to deliver a new 200,000 sq ft industrial and logistics development in Paddock Wood, Kent.
The site already benefits from outline planning consent and a detailed planning application is due to be submitted later this month.
Following consent, construction is scheduled to commence in Q1 2026, with completion and occupation expected later in the year. The joint venture partners are targeting EPC A+ and net zero carbon in operation for the development.
Stephen Gallagher, chief investment officer at Gallagher Properties, said: “Gallagher Properties are delighted to partner with Wrenbridge and Bridges. This collaboration is built on trust and individual expertise, but with an aligned and energetic purpose. We are looking forward to delivering this exemplary scheme as ‘one team’ and welcoming many businesses to thrive and grow at the completed development.”
Jamie Garrett, director at Wrenbridge, added: “We are thrilled to team up with Gallagher, alongside Bridges, to bring this site forward and continue our development experience in Kent. There is a real need for grade A product in the region, which we are excited to bring forward in this exciting JV.”
Henry Pepper, partner at Bridges, said: “We’re excited to bring forward this scheme, which will provide high quality, energy- efficient employment space for the local area. As we’ve seen already in Kent, units like these are increasingly sought-after by occupiers, because it enables to them to reduce occupational costs while also minimising their carbon footprint.”
The leasing agents for the scheme are CBRE, DTRE and Watson Day.
