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Mountpark buys giant Astra Zeneca Bristol distribution hub site

By Paul Norman - Wednesday, May 09, 2018 9:37

Mountpark Logistics has bought 58.8 acres, part of the former Avlon Works site in Avonmouth Severnside, where there is consent for 1.3m sq ft of distribution development, from Astra Zeneca UK.

The site has full planning permission for 1,288,000 sq ft of distribution in up to four units ranging from 150,000 sq ft to 1m sq ft.

Site preparation works will start immediately with construction due to begin early next year. Buildings could be ready for occupation by the end of 2019.

The development, which has been designed to achieve BREEAM ‘very good’ certifications and EPC A ratings for each building, has the potential to attract around 1,500 jobs to the local area.

 Close to the new M49 junction under construction, the site is also within easy reach of the M4, M5 and M48 motorways. Intermodal facilities are offered by the docks at Avonmouth and Royal Portbury, together with the nearby rail freight terminal.

“We are delighted to have secured this prime distribution site, which offers both high quality accommodation and excellent connectivity across the UK,” said David Carvey, UK Development Director, Mountpark. “Our customers are increasingly interested in Avonmouth Severnside as a distribution hub and we are pleased that we can offer them the best opportunities in the market.”

The site is close to the existing Mountpark Bristol scheme, which has full planning permission for 400,000 sq ft of logistics and is available on a build-to-suit basis.

DTRE London and JLL Bristol are acting for Mountpark. Stoford is the Development Manager for both Mountpark sites.

Mountpark Logistics EU Sarl is a Joint Venture between USAA Realco Europe B.V., the Dutch subsidiary of USAA Real Estate Company (USAA Realco) and Mountpark Finco Sarl (Mountpark). The Venture has been established to develop logistics facilities across Europe, with particular focus on the UK and Central Europe markets.

pnorman@costar.co.uk

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