Home counties midbox warehouse scheme in the offing
Developer Tungsten Properties and joint venture partner Euro Property Investments have acquired four development plots on the border of Surrey and Hampshire to develop a midbox scheme to serve the Home Counties.
By Liza Helps, Property Editor, Logistics Matters
THE PLOTS at Frimley Business Park wre acquired trhough three transactions with the benefit of planning consent for industrial development, however, Tungsten is looking to submit a new planning application for all plots to deliver a combined 70,000 sq ft of industrial and logistics space with unit sizes from 5,000 ft2 to 28,000 ft2 along with ancillary open storage
Savills director Hugh Walton, advising on the scheme, said: “Occupier demand continues to grow for good quality and well-located opportunities, and the delivery of five units comprising 70,000 ft2 will provide much needed Grade A stock within a sub-market that continues to experience strong demand and continued rental growth.”
Subject to planning, construction is due to commence in Q2 2026.
Savills acted on behalf of Tungsten Properties; JLL acted on behalf of the vendor on two fo the plots. HTC Architects has been appointed architect.
