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.