Contractor ISG has secured a £21.8m contract to deliver a major warehouse/logistics development in Avonmouth near Bristol
ISG Retail has now started work on site for joint venture developer Richardson Barberry, delivering phase two of More+ Central logistics park, at Avonmouth.
CCP 5, a fund advised by Tristan Capital Partners, acquired More+ Central Park, totalling 559,228 sq ft. Phase one of the development includes five fully let completed units totalling 176,393 sq ft.
The total scheme of 11 units comprises 559,228 sq ft of grade A warehouse/logistics accommodation.
‘Best in class mid-box logistics park’
Jonathan Robinson, Barberry Industrial development director, said: “Our strategy from the start was to develop a grade A, best in class mid-box logistics park on Central Park, Avonmouth, to cater for the supply/demand imbalance that exists in the occupier market within this region.
“We have now taken another important step on that journey.
“The quality occupiers we have already attracted to the development pays testament to the quality and location of the business park and provides us with the confidence that phase two will appeal to more major occupiers.
“Richardson Barberry is incredibly proud of what we have created. The completion of phase two, following the sale of both phases of the development late last year, will bring our business plan to a very satisfying conclusion.”
Jon Mott, project director at Barberry, commented: “We completed a successful tender process and I’m happy to announce that ISG Retail has secured the contract to build out the 384,000 sq ft, over six buildings. This will complete our development at More+ Central Park.
“ISG Retail has now taken possession of the site, with practical completion anticipated in January 2022.”
Martyn Fletcher, operations director at ISG, added: “We are very happy to have successfully won the tender and been appointed to work alongside Richardson Barberry and the project team to deliver this exceptional development.”
Practical completion of this final phase, extending to 384,000 sq ft of warehouse space across six units, is scheduled for January 2022.