Industrial property developer and investment manager Chancerygate has purchased a five-acre development site in Avonmouth.
The site, which already has planning permission, was acquired from supermarket chain Farmfoods for an undisclosed sum.
The proposed 135,150 sq ft Grade A scheme will be developed speculatively and have a gross development value in the region of £35 million.
The development opportunity, Kestrel Park, is located on the Central Park industrial estate and will comprise of six units ranging in size from 16,450 and 33,400 sq ft.
It is expected construction will commence in spring next year and the first occupiers will move in during Q4 of 2026.
Tom Faulkner, Chancerygate development director, said: “Acquiring this site in Avonmouth, just off the new M49 junction, is a fantastic opportunity for us to provide the high specification, sustainable multi-let industrial accommodation we consistently deliver across the UK.
“There is high demand from occupiers across Bristol and the surrounding areas for high quality, Grade-A space in well-connected, established industrial locations.
“Our Kestrel Park development will meet this demand and provide occupiers with units in an unrivalled strategic location to serve both the locality and the wider South West region.”
Chancerygate were advised by Russell Property Consultants and Farmfoods were advised by Knight Frank.
Russell Property Consultants and Knight Frank are appointed as commercial leasing agents for Kestrel Park.
Image: Chancerygate
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