Saturday 24th Sep 2016 - Logistics Manager

Culina snaps up Bristol mega shed

Food & drink logistics company Culina has taken a 212,000 sq ft warehouse at Cabot Park in Bristol.

The warehouse forms Block A of GE Capital’s massive 549,626 sq ft Crossflow 550 facility.

It has the site on a ten-year lease. There has been no comment on the level of rent achieved though the building was being marketed by Savills, Knight Frank and Jones Lang LaSalle at a quoting rent of £5.75 per sq ft.

The building built by Prologis in 2008 was the largest speculatively developed distribution unit ever constructed in the South West. However as a single unit it failed to secure a tenant in the five years it was on the market.

Following their decision to split the monolith, GE Capital’s Greg Davison said: “While the lease negotiations were underway, we developed new marketing material in anticipation of the new offering at Crossflow. Consequently we are already in the market with the new collateral, and the team has identified a number of new prospects for the remaining space. Unit B is well specified and a more suitable size for the market.”

Block B, which amounts to 338,230 sq ft of self-contained warehouse, benefits from a three storey office accommodation, 79 HGV parking bays and 251 car parking spaces.

Rob Cleeves of Savills said: “The remaining Block B is already attracting notable interest from potential occupiers as it represents the only available new build unit available in the South of the country.”