Bristol's Horizon38 secures South West's largest letting of 2018

By Paul Norman - Thursday, September 13, 2018 12:04

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MSF Filton, a joint venture between property developers iSec and St Francis Group, have secured what is understood to be the South West's largest industrial letting of 2018 at the Horizon38 scheme in Bristol.

The 115,500 sq ft speculatively built unit in the Filton development area, has been let to Bristol firm Apec Braking.

Automotics parts supplier Apec Braking, owned by Alliance Automotive Group, is based in two sites in Yate, South Gloucestershire. It will be using the unit as its national distribution centre and HQ.

Paul Hobbs of GVA, joint agent on the scheme with JLL, said: “The high-quality specification of the units at Horizon38 and the attractive mixed-use nature of the location is exactly what the market is demanding at the present time. 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 joins occupiers at the 60-acre Horizon38 including a Selco Builders Warehouse, CEVA Logistics, LSi and Urban Village Resorts hotel.

Horizon38 combines industrial and distribution buildings totalling 580,000 sq ft with a further 25 acres of mixed employment space.

pnorman@costar.co.uk

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