Bristol firm Apec Braking has taken MSF Filton’s – a joint venture between property developers iSec and St Francis Group – 115,500 sq ft speculatively built warehouse at at its 60-acre Horizon38 scheme in Bristol.
This was one of the largest single speculative warehouse units ever to come onto the South West market, built to respond to a complete lack of standing stock following rapid logistics space take-up since the recession.
Paul Hobbs of GVA, joint agent on the scheme with JLL comments, “There’s been a lack of any quality big shed supply in the regional property market over recent years, and now, as the demand from the likes of logistics and distribution companies increases for urban locations, Horizon38 meets that need precisely.
“The pent-up demand for Grade A quality space has led to MSF Filton’s speculative commitment really paying off with the largest single unit on-site being let to a high-calibre occupier in Apec Braking.”
Apec Braking, owned by Alliance Automotive Group, is currently based in two sites in Yate, South Gloucestershire, and is a leading UK automotive parts supplier. It will be using the unit as its national distribution centre and HQ.
Sitting within the Filton Enterprise Area, Horizon38 combines industrial and distribution buildings totalling 580,000 sq ft with a further 25 acres of mixed employment space.