Joint venture partners St Francis Group and iSec have started construction on a £120M business park in Bristol, UK.
The 65-acre park, to be known as Horizon 38, is the first phase of a 1M sq ft mixed use development, and is based on the former site of the Rolls-Royce East Works. This phase will offer several new industrial and distribution units, which are expected to be ready for occupation by as early as July 2017.
The 580,000sq ft of industrial space to be developed at Horizon 38 is set to be the largest speculative industrial development in Bristol for two decades.
The development will be executed in four phases, with the Buckingham Group serving as contractor of the project.
St Francis Group development director Gareth Williams said: “This is an exciting phase of development. With the entire site now cleared and levelled you can clearly see the scale of development proposed at Horizon 38. It is the first major employment scheme to come out of the ground in north Bristol for 20 years.
“We’ve engaged with the local business community and look forward to working with them to satisfy their requirements for high-quality new industrial and distribution accommodation and to welcoming new businesses into the area. For a long time local occupiers have struggled with little or no available stock. That’s all about to change now with the development at Horizon 38.”