The building of a new 16,986 sq. ft flagship car dealership on a 1.63-acre plot has completed, been leased to Volvo Cars UK with the investment sold to CBRE Global Investors. St Francis Group and its development partner iSec have confirmed the completion and sale of a16,986 sq ft new
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
A massive new development, to be called Horizon29, will create more than 2,250 warehouse jobs in Derbyshire, according to developers and investors. To consist of five warehouses covering a total space of over 800,000 square feet, the project in Derbyshire’s Chesterfield has now received planning permission and is all set
BDC 319 : Aug 2024
The building of a new 16,986 sq. ft flagship car dealership on a 1.63-acre plot has completed, been leased to Volvo Cars UK with the investment sold to CBRE Global Investors. St Francis Group and its development partner iSec have confirmed the completion and sale of a16,986 sq ft new build to suit flagship car dealership leased to Volvo Cars UK and sold to CBRE Global Investors at its Horizon 38 mixed-use development in Bristol. The development on a plot of 1.63 acres has been let on basis of a 20-year lease and was sold with a forward commitment to purchase from the new owners. The showroom was delivered early by contractors MCS Construction. Speaking about the sale and development – St Francis Group Director Gareth Williams said: “We are delighted to have completed another exciting project at Horizon 38 and a sale to CBRE Global Investors. This is the second car dealership on site, and everyone involved with its delivery deserves a huge pat on the back when you consider the extremely difficult conditions that we have faced over the last 18 months. Horizon 38 serves as the premier mixed-use destination in Bristol and the South West and has been a tremendous success – now home to a thriving community of occupiers” Also commenting, Richard Howell Principal Investment at Avison Young “We are seeing unprecedented demand for secure long income investments especially in prime established locations such as Horizon 38. We were delighted to have signed Volvo on a 20-year lease and then secure the forward commitment to purchase from CBRE Global Investors on behalf of St Francis and iSec” Simon Bennett, Director at JLL also said “We are really pleased to have secured this opportunity for CBRE Global Investors. Horizon 38 is a well-located development that has been successful in attracting a wide range of tenants such as GKN, Car Shop and Selco. This investment offers the fund a secure long term income stream with rental uplifts at an attractive yield to other sectors”. Avison Young acted for iSec / St Francis, and JLL acted for the buyer, CBREGI. Horizon 38 is Bristol and the South-West premier mixed-use development spanning 65 acres, featuring Logistics, Industrial, Trade, Hotel, and Car Showroom opportunities totalling over 1M sq ft. It is home to leading occupiers including Ceva, The Delivery Group and Sytner together with GKN in a 115,000 sq ft R&D facility and Village Resorts in a new 153 bedroom hotel. For further information visit: https://www.horizon38.com/
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/
A massive new development, to be called Horizon29, will create more than 2,250 warehouse jobs in Derbyshire, according to developers and investors. To consist of five warehouses covering a total space of over 800,000 square feet, the project in Derbyshire’s Chesterfield has now received planning permission and is all set to go ahead. The warehousing development is to be built near the M1’s Junction 29A in the Markham Vale area of Chesterfield and will create thousands of jobs for the region. Developers iSec and the St. Francis Group say they are hoping to fill the site with businesses from the manufacturing, logistics and industrial sectors and will have some plots ready for operation as early as next year. Once the two phases of the Horizon29 development are complete, the developers estimate that 2,253 full or part time jobs in Derbyshire will be created. The D2N2 Local Enterprise Partnership is a major investor in the Derbyshire project. Giving an update on the development, the LEP’s Chief Executive, Sajeeda Rose, said: “I’m pleased to see the first phase of the Horizon29 development progressing well. As thoughts turn to how our region recovers from the ongoing Coronavirus pandemic, projects like Horizon29 will be key in supporting our regional economy recovering and creating jobs for our people and communities.” Development Director for iSec, Nigel Lax, also commented, saying: “As well as stimulating significant local job opportunities, we also expect the scheme to stimulate fresh inward investment in the area, giving a significant boost to the local economy. At 1.4 million sq ft in total, the scheme will play a national role in the ever-expanding logistics market, based on rapidly increasing demand from e-commerce.” “Horizon29 will be opening for business and available to logistics and manufacturing companies looking to return to some degree of normality in the not too distant future and capitalises on an outstanding location close to Sheffield, Chesterfield, Nottingham and Derby,” added Mr Lax.
