Mid box warehouse scheme for Stevenage
UK based real estate investment and development specialist, Barwood Capital, has acquired a site in Stevenage to build a mid box warehouse.
By Liza Helps, Property Editor, Logistics Matters
THE COMPANY has bought a two-acre freehold site from BlueBird Land as part of its Growth Fund V for a £12m warehouse scheme.
Currently the site accommodates a two-storey obsolete office block with an planning consent for redevelopment as a 36,000 ft2 warehouse which Bardon intends to construct speculatively.
The site is situated just off Gunnels Wood Road approximately 30 miles from London and Cambridge and 17 miles from the M25. The local market is currently characterised by a lack of Grade A availability and increasing demand for industrial stock.
The news comes as a Savills report has found that it expects an uplift in demand for industrial and logistics space of between 6% and 15% of the long-run average annual take-up in the UK.
Barwood Capital, in partnership with BlueBird Land, intends to target a BREEAM Excellent rating for the new unit, with practical completion anticipated in Q4 2026.
This aligns with Barwood Capital’s focus on delivering sustainable, high-quality industrial accommodation in supply-constrained locations.
BlueBird land co-founder Jeff Wilson, said: “Having acquired the site in January 2025, we submitted a planning application in March and received unanimous support from members at the July planning committee.”
“We are excited to have completed the sale, and to team up with Barwood to deliver this best-in-class high quality urban logistics unit.”
Barwood Capital was advised by DTRE and Forsters. BlueBird Land was advised by Joiner Cummings, Adroit Real Estate Advisors and Hill Dickinson.
