Joint venture developer Richardson Barberry has announced that one of the UK’s leading glass suppliers is set to become the first occupier at a new multi-million-pound business park in the South West.
The joint venture between West Midlands-based commercial property developers Barberry Group and Richardson has seen Pilkington Automotive Glass agree to a 10-year lease on a 13,500 sq ft trade counter unit at More+, Central Park in Avonmouth, Bristol.
Central Park is one of the region’s largest logistics hubs, with several well-known occupiers including DHL, Amazon and Lidl.
Richard Palmer, operations manager at Pilkington Automotive Glass, said: “Pilkington Automotive Glass has secured a 10-year lease with Barberry and associates at More+ Central Park, which will allow us to not only service the requirements of the market place now but has been designed to ensure we can meet the demands over the next 10 years, too.”
Renting at a regional record rate of £8.94 per sq ft, the first phase of development will consist of five ‘mid-box’ warehouse units totalling 174,500 sq ft – practical completion is expected in May.
Expressing his delight at securing the deal, Barberry’s Development Director, Jonathan Robinson said: “It is exciting to be able to announce the arrival of a very well-known household occupier of the calibre of Pilkington before we have reached practical completion.”
The massive 40-acre site is capable of accommodating 557,426 sq ft of mid-box warehouse units and provides the final phase of the already successful 350-acre park.
Globally recognised real estate firm Cushman and Wakefield advised Pilkington on this deal, with the firm’s Charles Swanson adding: “I was delighted to advise Pilkington on the lease acquisition of Unit 11 More+ Central Park. After an extensive search, the high specification of the spec built detached warehouses at More+ Central Park and private yards, made this an easy decision in the end.”
Featured Image: (from left) Charlie Swanson, of Cushman & Wakefield, Mark Watkins, of Richardson, Richard Palmer, of Pilkington, and Jonathan Robinson, of Barberry, at the More+ Central Park development in Bristol.