Barwood Capital has announced that construction of Aztec 38, a new logistics facility in North Bristol, has reached practical completion.
Funded by Barwood Capital’s Regional Property Growth Fund V, the development occupies an accessible position at Bristol’s leading out of town business park, Aztec West.
The park is located adjacent to Junction 16 of the M5 and less than a mile from the M4/M5 interchange.
The news comes as a recent report by Savills has determined that supply-demand dynamics have rebalanced so far in 2025, with take up exceeding the same H1 period in 2024.
The take up to end-June 2025 is 239% higher than the same period last year and already 138% above the 2024 annual total.
Reportedly, the development delivers a single self-contained warehouse unit with ancillary office space and ESG credentials capturing BREEAM ‘Excellent’ and EPC ‘A’.
Barwood Capital senior asset management director Adam Smith, said: “The development underpins our investment strategy of unlocking value and driving sustainable growth by repurposing obsolete assets.
“In a supply constrained market, practical completion has come at a time where competing supply is limited and the current level of interest from engaged occupiers is very promising.”
