Monthly Archives: November 2011
Warehouse buildings to let in Bristol benefit from green light given to major transport schemes
Two major transport schemes for Bristol were announced today by Chancellor George Osborne as part of his Autumn Statement.
The £50m Ashton Vale to Temple Meads link and the £45m South Bristol link which are both badly needed form part of a three-year £5bn package of 500-plus infrastructure schemes unveiled by the Chancellor.
This green light is excellent news for warehouse and distribution premises as it will encourage investors and businesses to move to the area as the transport possibilities are widened. Increasing the demand for buildings which are already greatly sought after.
Bristol City Council is confident a third scheme, linking the North Fringe with Hengrove, will be approved later this year along with other schemes in Weston and Bath.
Cllr Tim Kent, the city council’s executive member for transport, said the schemes would promote Bristol to the ‘big league’ of cities.
The Ashton Vale to Temple Meads Line will be funded by £35m from the Department for Transport and £15m from Bristol city council and a third party. Construction work could start in June 2013 and finish by July 2015.
The South Bristol Link will be funded with £28 million from the Department of Transport, with £17m from Bristol City Council and a third party. Construction is likely to start in May 2014 and finish in May 2016.
“Bristol is about to enter the big leagues with the kind of public transport network that attracts new players and unlocks new areas for improvement and growth, which is powerful news for local business and local people. It also demonstrates the strength of our cross council working.”
The future is looking bright for manufacturing and warehouses premises as new investors and businesses move in.
Source: Bristol Business News
Win an incredible Fortnum and Mason Christmas hamper worth £275
The festive season will soon be upon us and as the temperature drops and the jingle of bells increase Central Park are offering the opportunity to enter a competition to win a Christmas hamper worth £275.
By simply answering the following question the chance of winning this incredible hamper from Fortnum and Mason could be yours.
“What is the size of the proposed building for our first pre-let to Chep?”
The answer is hiding on the Central Park website waiting to be uncovered and bring seasonal cheer to the lucky winner.
Spiced fruit chutney, coffee fit for the three kings, Christmas pudding Maderia and rum butter are just some of the festive luxuries that can be found in the hamper. With a hamper stuffed full of Christmas cheer we have had to take precautions and ban all emailers to Father Christmas for fear he will not make his rounds on the 24th if he were to win!
Please email your answer and contact details to firstname.lastname@example.org for the chance of winning a hamper that’s so amazing it wouldn’t fit in your stocking.
Closing date: 2nd December 2011.
From all of us at Central Park good luck and many a seasonal wish to you all.
Distribution premises to let in Avonmouth remain in high demand
This move illustrates the demand for space in and around the Bristol area. Pegasus has signed a 10-year deal for 4,150 sq ft of space in the South Wing of the complex.
Offices space and warehouse and distribution premises in the area will be please to hear that manufacturing and office space is still in high demand with new investors hunting in the vicinity. Moves such as that of Pegasus Planning Group help boost the economic moral of local businesses and residents, as well as helping to bring in outside investors.
Commercial property specialist Colliers International’s Richard Wright said: “There is continued demand for good quality space and with the number of viewings increasing in North Bristol, we expect to see some positive take-up in the fourth quarter.”
As investors remain interested distribution premises to let in Avonmouth remain in high demand.
Source: Bristol Business News
Central Park Secures First Occupier – CHEP
Central Park, Bristol, is pleased to announce its first pre-let to CHEP UK Limited for a new pallet distribution facility of 50,000 square feet. The lease is for a 15 year term, with annualized rent increases in line with RPI.
The facility will be operational in the second quarter of 2012; construction will commence in the first part of September 2011. The CHEP deal justifies the significant infrastructure works that the landowner, represented by Delta Properties, has prepared on site over the last couple of years.
Michael Shebson of Delta Properties told us, “We are delighted to have secured our first pre-let at Central Park and are pleased to have timed our infrastructure works so well to serve an increasing occupier demand in the South West. CHEP UK is a solid, established company and fits well with the image that Central Park is creating. We look forward to further occupiers capitalizing on our ability to deliver buildings in such short time-frames”.
CHEP issues, collects, conditions and reissues more than 300 million pallets and containers from a global network of service centres, helping retailers, manufacturers and growers transport their products through the supply chain, everyday. In the UK, CHEP manages a pool in excess of 25 million pallets across its nationwide network of 18 strategically located Service Centres. CHEP UK chose Central Park as a regional distribution location to complete its network of operations.
Kevin Galvin of CHEP UK said, “We are very happy to have secured our south west facility at what will be the landmark scheme in the region and look forward to working with the owners of Central Park going forward”.
Goodman UK Logistics, led by Senior Development Director Charles Crossland, will manage the development on the landowner’s behalf, having recently built CHEP UK’s similar facility in Hoddesdon.
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