Kier Property has acquired a 5.15-acre industrial and logistics site in Bracknell and plans a new 100,000 sq ft scheme.
The site in Longshot Lane, bordering the A329M Berkshire Way, was acquired from Reliance Worldwide Corporation.
The developer plans to speculatively develop a Grade A logistics unit under its Logistics City brand, totalling around 100,000 sq ft, including a first-floor office. The development will target BREEAM Excellent and incorporate a range of sustainable features, including the use of sustainable construction materials, EV charging points, solar panels, LED lighting and cycle storage.
Kier says the town’s commercial district is a long-established industrial and logistics location and home to many blue chip multi-national companies due to its transport links to both the M3 and M4 motorways and its proximity to Heathrow.
Leigh Thomas, Kier Property’s managing director, said: “We are excited to have secured this opportunity to develop in a prime industrial area within Thames Valley, which has an acute shortage of new sustainable industrial units. This acquisition demonstrates our continued ongoing commitment to the sector.
“Bracknell’s excellent transport links, strong economy and active workforce create a thriving business community and an ideal business location for servicing the Thames Valley and wider region.
“Our Logistics City brand comprises sustainable and high specification accommodation that will complement the local and regional economy and stimulate further investment and job creation”.
Across the UK, Kier Property has delivered more than six million sq ft of industrial space and currently has schemes in Andover, Bognor Regis, Knowsley, Manchester, Milton Keynes, St Albans and Whiteley in Hampshire.
Kier Property was advised by Hatch Real Estate.
Hatch director Philip Hunter said: “We are delighted to have worked with Kier Property on the acquisition of this prime logistics site, in the heart of the Thames Valley.
“A new high spec warehouse of 100,000 sq ft will be developed, ready for occupation Q1 2024. We expect a high level of interest from occupiers due to the severely constrained supply of stock, and the excellent access to both the M3 and M4 motorways.”
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