Tungsten Properties has acquired a total of four acres of consented development land at Frimley Business Park.

The deal, a joint venture with Euro Property Investments, comprises three development plots at the industrial and logistics park which straddles the border of Surrey and Hampshire.

It involves Plots 4.1, 4.2 and 4.3, which were sold in two separate transactions. All three have permission for industrial and logistics development.

Plots 4.2 and 4.3 were acquired from Rushmoor Borough Council while Plot 4.1 was an off-market transaction.

Tungsten Properties will submit a new planning application for all the plots to deliver a combined 70,000 sq ft of industrial and logistics space in which unit sizes will range from 5,000 sq ft to 28,000 sq ft, along with ancillary open storage.

Luke Davenport, associate development director of Tungsten Properties, said: “We are delighted to have secured this opportunity on the established industrial and logistics location of Frimley Business Park.

“The site combines quick access to the M3 motorway with an attractive landscaped environment. We thank EPIL for their continued support and Rushmoor Borough Council for their co-operation and assistance with our acquisition of Plots 4.2 and 4.3.

“During the acquisition process the opportunity then arose to acquire Plot 4.1 in an off-market transaction creating significant marriage value between the plots. Both acquisitions demonstrate Tungsten’s ability to move quickly to secure prime sites in the South-East.”

Hugh Walton, director of Savills, which acted for Tungsten Properties, said: “Tungsten’s latest acquisition of the plots on Frimley Business Park further strengthens their growing reputation as a leading developer within the UK industrial and logistics sector.

“Occupier demand continues to grow for good quality and well-located opportunities, and the delivery of five units comprising 70,000 sq ft will provide much needed Grade A stock within a sub-market that continues to experience strong demand and continued rental growth.”

Subject to planning, construction is due to start in Q2 2026.

JLL acted for the council on Plots 4.2 and 4.3. HTC Architects has been appointed for the new designs.

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