Development of the site – branded Parallel 113 will see the speculative development of a 113,000 sq ft grade A specification warehouse logistics unit with construction expected to commence in March. St Francis Group has today announced that it has secured grant funding from the Black Country Local Enterprise Partnership
Development land is situated within its Horizon 29 scheme which extends to 140 acres in total capable of accommodating 1.4M sq ft of prime warehouse and logistics space. ALMCOR and St. Francis Group sell 80 acres of Logistics Development Land at Horizon 29, North Derbyshire, to BentallGreenOak and Equation Properties
The pre-let is the latest deal to be signed on the popular and successful development in Bristol, the region’s largest regeneration project on the site of the former Rolls-Royce East Works site in Filton. St Francis Group together with its development partners iSec have today announced that it has exchanged
A Tristan Capital Partners fund has bought a £68m UK logistics portfolio from the Richardson family which includes Cransley Park, Kettering and Velocity 42, Redditch developed in partnership with St Francis Group. The portfolio which also includes a unit of 105,000 sq. ft in Avonmouth developed by Curtis Hall, consists
A 29-acre site is the latest industrial/warehouse scheme brought forward by the developer as it continues to expand its development pipeline St Francis Group, a leading UK-based property development and investment group and an expert in brownfield development and regeneration has announced that it has assembled a site of 29
40-acre former BAE site when developed will accommodate 803,000 sq. ft of new industrial warehouse space. St Francis Group, a leading UK-based property development and investment group and an expert in brownfield development and regeneration has today announced that a planning application has been submitted for the redevelopment of a
The new facility the latest building to be completed at popular and successful Horizon-38 mixed use development site at Filton in Bristol St Francis Group together with its development partner iSec has today announced that it has completed and handed over a new built to suit Global Technology Centre for
BDC 319 : Aug 2024
Development of the site – branded Parallel 113 will see the speculative development of a 113,000 sq ft grade A specification warehouse logistics unit with construction expected to commence in March. St Francis Group has today announced that it has secured grant funding from the Black Country Local Enterprise Partnership to deliver a new, speculative 113,000 sq ft warehouse/logistics scheme at a site in Walsall. The site at Darlaston Road, branded as Parallel 113, sits within the Black Country Enterprise Zone and will create a high-quality warehouse/logistics unit, with construction set to commence in March. The development will remediate a brownfield site of just over 2.5 hectares close to Junction 10 of the M6 which is currently undergoing a £78 million enhancement by Highways England to increase capacity and reduce congestion. The development had already been given the green light by Walsall Council’s Planning Committee in autumn 2020 and is being developed speculatively. When occupied the scheme will provide up to 200 new jobs. The new Darlaston train station, which also received the go ahead in 2020, is set to open on the Walsall-Wolverhampton line by 2023. Speaking about the award of the funding St Francis Group Development Director Gareth Williams said: “We are very happy to be able to announce today the award of this multi-million-pound funding which moves construction of the Parallel 113 scheme a stage closer. There is a chronic shortage of mid-box sized logistics accommodation currently right across the west midlands conurbation and this development will go some way to addressing that. The building will be constructed to a Grade A standard and specification and ideally suited to a range of flexible occupier requirements. We are already fielding a strong level of interest and look forward to further announcements in due course.” Speaking about the development, Deputy Leader of Walsall Council, Cllr Adrian Andrew said: “This decision allows us to move forward with a scheme that will provide valuable jobs and a welcome boost to the local economy. The council and its partners have invested a great deal of effort to get to this stage and I look forward to work beginning on site in the near future This is another piece in the jigsaw of building back better in our Borough. Walsall is open for business and a great place to invest.’ *** To download a high resolution CGI of the proposed development click https://momentus.box.com/s/5g6h6oo8meon23s53i0hwkiau6meadej *** For further information visit : www.parallel113.co.uk
Development land is situated within its Horizon 29 scheme which extends to 140 acres in total capable of accommodating 1.4M sq ft of prime warehouse and logistics space. ALMCOR and St. Francis Group sell 80 acres of Logistics Development Land at Horizon 29, North Derbyshire, to BentallGreenOak and Equation Properties Bolsover Land Limited (‘BLL’), a joint venture between ALMCOR (formally known as iSec) and St. Francis Group, has sold over 80 acres at its 1.4 million sq. ft. Horizon 29 warehouse and logistics development to BentallGreenOak (‘BGO’) and their development partner, Equation Properties for £39.9 million. BGO and Equation will develop up to 1.2 million sq. ft. at Horizon 29 across the 140-acre strategic brownfield site located adjacent to Junction 29A of the M1 and Markham Vale. Horizon 29, formerly the Coalite works, was acquired by BLL in 2012. The site has been remediated and core infrastructure constructed to allow for development to further consolidate Horizon 29 as one of the East Midlands’ premier industrial and logistics location. BLL retains over 33 acres for further development which will be brought forward alongside the BGO development. Rupert Wood, Head of Strategic Land at ALMCOR, said: “This is an excellent deal for the JV having bought the site in 2012. It will drive forward the delivery of Horizon 29 while allowing ALMCOR to release capital to recycle it into other substantial projects that we are bringing forward, such as Thames Enterprise Park in Thurrock. Working with our JV partner, St Francis Group, we have delivered a warehousing and logistics site into an increasingly constrained market at the right time demonstrating our credentials as strategic land specialists.” Gareth Williams, Development Director at St Francis Group, said: “This sale highlights the expertise within the Group and the wider Joint Venture to unlock technically challenging brownfield sites, and to complete significant highway and service infrastructure to create a development ready site capable of immediate development. Having jointly invested significant funds to achieve this in time to capitalise on rising demand for serviced land, we are delighted to have completed this sale to BGO and to have secured a programme of speculative development at Horizon29.” Gareth Purcell, Managing Director at BentallGreenOak, said: “We are delighted to have closed on the acquisition. The first phases of the site already benefit from Reserved Matters planning consent and we will be commencing speculative development works on site during Q2 with the first units completing by year-end. This deal, which completed on Christmas Eve, closes out a very busy year for BGO’s UK logistics platform, with us having acquired land to deliver c. 5m sq.ft. of new logistics space with our partners at Equation Properties in addition to a further 3.7m sq.ft. of standing assets across a total of 12 separate transactions.” BLL was advised by JLL and Clyde & Co and BGO and Equation were advised by Burbage Realty and Taylor Wessing. For further information on the development visit: www.horizon29.com
The pre-let is the latest deal to be signed on the popular and successful development in Bristol, the region’s largest regeneration project on the site of the former Rolls-Royce East Works site in Filton. St Francis Group together with its development partners iSec have today announced that it has exchanged on the latest pre-let deal at Horizon-38 in North Bristol, the region’s largest regeneration project on the site of the former Rolls-Royce East Works site in Filton. Work is due to start within weeks on a new 17,000 sq. ft flagship car dealership for Volvo Cars UK to be situated on one of the last remaining plots with frontage directly onto the A38. Volvo will join other established names at Horizon-38 including Sytner’s Car Shop, Selco Trade Centre, Village Urban Resorts and GKN Aerospace alongside nearly 400,000 sq. ft of speculative industrial warehouse development. Speaking about the deal Gareth Williams at St Francis Group said: “In these unprecedented times it is very pleasing so be able to make an announcement like this. Volvo and all other project stakeholders have shown a huge can-do attitude to ensure that this deal was done and we’ll be starting on site very shortly”. Speaking for the project itself and Horizon-38 scheme in general, this deal represents another piece of the jigsaw on this hugely popular and successful 60 acre site which continues to deliver. We are looking to continue with this momentum through the last two remaining plots where commercial discussions are underway with interested parties.” Avison Young advised the joint venture on the letting and will be retained on the investment sale. Horizon38 was acquired by a joint venture between St Francis Group and iSec late in 2015 and since then nearly 500,000 sq. ft of new high-quality warehouse space has been built in addition to a new Village hotel and trade counters. A new Sytner Car Shop is under construction as is a state-of-the-art Global Technology Centre for GKN Aerospace. For further information visit : https://horizon38.com/
A Tristan Capital Partners fund has bought a £68m UK logistics portfolio from the Richardson family which includes Cransley Park, Kettering and Velocity 42, Redditch developed in partnership with St Francis Group. The portfolio which also includes a unit of 105,000 sq. ft in Avonmouth developed by Curtis Hall, consists of 11 new-build logistics buildings. St Francis Group, a leading UK-based property development and investment group and an expert in brownfield development sold development ready sites to the Richardson family in December 2017 and have since worked in partnership to deliver an ambitious speculative development programme. At the time of sale 145,000 sq. ft of space was either occupied or under offer. Talking about the deal Gareth Williams, Director at St Francis Group said: “During difficult times we are delighted to have been able to capitalise on continued investor appetite for high quality and well-located industrial warehouse stock. The St Francis Group building specification has evolved into a superior yet economical product and having regenerated both former brown field sites, we are delighted to see them sold into long term ownership.” For further information visit : www.cransley-park.co.uk and www.velocity-42.co.uk
A 29-acre site is the latest industrial/warehouse scheme brought forward by the developer as it continues to expand its development pipeline St Francis Group, a leading UK-based property development and investment group and an expert in brownfield development and regeneration has announced that it has assembled a site of 29 acres in Kings Norton, Birmingham for the development of new industrial warehouse space. Announcing the purchase of the Pilkington Automotive and GKN Aerospace sites, the speculative development of a 400,000 sq. ft multi-unit scheme will be funded by the Richardson family making this the third collaboration between the two parties following the successful development and sale of Velocity42 in Redditch and Cransley Park in Kettering. A detailed planning application will be submitted later this year with work on site scheduled to begin once the existing occupiers vacate next year. The new proposals could create around 900 new jobs. Speaking about the announcement Gareth Williams, Director at St Francis Group said “We are delighted to have secured these strategic sites and to be able to promote a scheme in the heart of the greater Birmingham conurbation. We have seen a huge growth in the mid box industrial warehouse market, and we will be aiming to meet that demand with 8 new energy efficient units ranging from 25,000 sq. ft to 70,000 sq. ft” “We recognise the value in higher performing sustainable assets and so we are looking to develop units using construction standards that exceed occupier expectations throughout their life cycle.” New units will be ready for occupation by the end of 2022. Marketing for pre-let deals will begin immediately. Savills and JLL have been retained as sole letting agents on the scheme.
40-acre former BAE site when developed will accommodate 803,000 sq. ft of new industrial warehouse space. St Francis Group, a leading UK-based property development and investment group and an expert in brownfield development and regeneration has today announced that a planning application has been submitted for the redevelopment of a former BAE site at Radway Green in Crewe. Working in conjunction with the current landowners, plans have been submitted for 803,000 sq. ft of new industrial warehouse space on the 40-acre site part of which has already been demolished and cleared. Working collaboratively with Tilstone Industrial Limited, the proposals will see the creation of a high-quality multi-unit estate replacing the existing old, outdated stock as well as significant infrastructure improvements. Talking about the announcement Gareth Williams, Development Director at St Francis Group said “We are delighted to be working with our partners at Tilstone Industrial and Radway 16 will be a regionally significant industrial warehouse scheme. With quick and easy access off junction 16 of the M6 it will attract a broad range of occupiers looking for a quality of space currently lacking in the area”. Andrew Bird of Tilstone added “As we build the portfolio of well located estates across the UK, there are a number of opportunities to regenerate buildings which, on this occasion, will replace many of the existing warehouses. We will work with existing occupiers to phase the scheme, respecting the interests of all stakeholders.” The planning application will seek detailed consent for two units of 208,000 sq. ft and 143,000 sq. ft and outline consent for an additional 452,000 sq. ft. Infrastructure improvements will include work around the sites access off Radway Green Road. Units could be made available for occupation by the end of 2021. Joint sole letting agents are Gerald Eve, DTRE and Savills.
The new facility the latest building to be completed at popular and successful Horizon-38 mixed use development site at Filton in Bristol St Francis Group together with its development partner iSec has today announced that it has completed and handed over a new built to suit Global Technology Centre for GKN Aerospace at its Horizon-38 scheme at Filton in North Bristol. The state-of-the-art facility which comprises of a highly bespoke, built to suit facility extending to 110,000 sq. ft including 40,000 sq. ft of Grade A office accommodation has been pre-let to GKN Aerospace with funding provided by BP Pension Fund. Buckingham Group Contracting Ltd were the contractor, completing construction and handing over this week despite exceptional circumstances at this difficult time. Talking about the project Gareth Williams, Development Director at St Francis Group said: “When we were presented in 2017 with GKN Aerospace’s vision for a network of regional technology centres across the globe it was clear that this could be one of our more exciting development projects. It hasn’t let us down. We are delighted that Horizon-38 was selected as the location for this centre of excellence and for St Francis Group and iSec to have played a key role in the continued promotion of GKN Aerospace as a leading technology led global business.” Going on to say “The Global Technology Centre will enable GKN Aerospace to create a world leading facility for research particularly in the areas of wing configuration and construction, meaning intellectual property, skills and knowledge is retained in the UK. Also commenting, Jane Leedham, Estates Director at GKN Aerospace said: “For such a high-profile project with a continually evolving brief, it was essential that we found a development partner with a delivery team that was both flexible and extremely capable. In return for a long-term commitment from GKN Aerospace, we were able to secure a bespoke research and development facility to rival all others.” Horizon38 was acquired by a joint venture between St Francis Group and iSec late in 2015 and since then nearly 500,000 sq ft of new high-quality warehouse space has been built in addition to a new Village hotel and Selco trade counters. A new Sytner Car Shop is under construction and a further pre-let just announced with Volvo Cars UK for a new flagship car dealership For further information visit : https://horizon38.com/
