Home> | Industry Sector | >Warehouse Property | >Ultra-sustainable warehouse planned for Southampton |
Ultra-sustainable warehouse planned for Southampton
12 July 2023
Specialist sustainable and impact investor Bridges Fund Management has teamed up with commercial property developer, Graftongate, to acquire a 6.23 acre site near Southampton, with a view to developing one of the UK’s most sustainable logistics buildings.
Liza Helps, Property Editor, Logistics Matters
BRIDGES AND and Graftongate have submitted a planning application to develop a new 135,000 sq ft industrial/logistics unit at Nursling Industrial Estate, near Junction 3 of the M27 motorway.
The new development is expected to have a value of £40 million. It will be net zero carbon in operation and will also target EPC A+ and BREEAM Outstanding – which would make it one of the UK’s most sustainable industrial buildings.
The property will have 15m eaves, 10 dock and one level access door, parking for 20 HGV s and 115 cars as well as 13,000 sq ft of two storey office space.
The site was acquired from Tesco and was let to TITAN Containers in 2013. It is thought Tesco bought the plot from Slough Estates (now SEGRO) for £4 million in 2005.
This is Bridges' first development in partnership with Graftongate, which has developed over 10 million sq ft of high quality industrial/logistics accommodation in the UK to date.
Henry Pepper, partner at Bridges, said: "We're excited to work with Graftongate to build out another net zero carbon development in Nursling. There continues to be strong demand for logistics space on the South Coast, with relatively little supply – and we have seen from our previous developments that sustainable developments are becoming increasingly attractive to corporate occupiers."
JLL advised the vendor, while DTRE and Gowling WLG acted for Bridges and Graftongate.
- Food manufacturer and distributor lands Oldham DC
- Urban warehousing makes up quarter of Prologis UK assets
- Vision picking with smart glasses
- AGVs tackle paper rolls for DS Smith
- Tesco fined £160k after worker injured unloading roll cages
- Sainsbury’s to close London fulfilment centre
- Sustainability initiative gathers momentum
- French logistics developer secures first UK site
- NHS Supply Chain confirms new RDC at Bury St Edmunds
- Warehouse revamp contributes to difficult trading at Mothercare
- Property boom - a lawyer’s viewpoint
- Dawn of a new era
- Land shortage still a challenge
- Elevated demand persists
- A cacophony of issues
- Quickly shifting dynamics
- Walsall hotel site given go ahead as warehouse
- Urban warehouse scheme for Leatherhead
- Super sustainable logistics scheme gets go ahead in Leeds
- Urban warehouse development kicks off in London