By Liza Helps, Property Editor, Logistics Matters

THE SUBMISSION follows exchanged contracts on the acquisition of a 5.7-acre plot on Ellesfield Avenue within Bracknell’s Southern Business Area. The proposed scheme envisions a single, BREEAM outstanding and EPC A+ warehouse of 130,939 ft2 targeting demand from occupiers in the Thames Valley and wider South East logistics market.

The site is currently occupied by a three-storey office building and adjoining two-storey training facility extending to 78,500 ft2. It is located less than one mile from the A329(M), providing access to Junction 10 of the M4 motorway.

Acquisition of the site forms part of the £500 million joint venture between JP Morgan Asset Management and Graftongate, which is focused on delivering urban logistics assets across key UK locations. Completion of the purchase is expected in Q4 2026, once the vendor has secured vacant possession. The purchase price has not been disclosed but the unit has a GDV of £70 million.

Graftongate director Alex Thomason, said: “Our partnership with JP Morgan Asset Management continues to identify opportunities in locations where occupier demand significantly outweighs the availability of modern space. With a limited development pipeline and low supply of Grade A industrial stock across Bracknell and the wider Thames Valley, we believe this scheme is well positioned to serve the market. We look forward to completing the acquisition and progressing the development.”
JP Morgan and Graftongate were represented by Hollis Hockley, with Cushman & Wakefield acting for the vendor.