Barwood Capital and development partner Trebor Developments have sold Portside Park Avonmouth, in Bristol to NFU Mutual for £21.7 million.
The 155,063 sq ft site is located on Kings Weston Lane, off of St Andrew’s Road (A403); the main arterial route linking to Junction 18 M5 at Avonmouth to Junction 1 M48, and contains six units. The first letting to Efinor Limited has been completed, with strong occupational interest in the remaining units.
Portside Park is part of Trebor Developments’ national industrial development pipeline, which delivered over three million square feet of accommodation in 2020.
Andrew Barlow, director, Barwood Capital said: “Portside Park provides newly built product into a supply constrained market where demand remains buoyant thanks to Bristol’s strategic location.”
James Drew, development director, Trebor Developments added: “The development at Portside Park is a rare opportunity for a fund to purchase a multi-unit scheme of high quality in a popular location with occupiers.”
Barwood and Trebor were represented by CBRE, with Savills acting for NFU Mutual.