BNP Paribas Real Estate has acquired 63,900 sq ft of warehouse space in Bristol’s More+ scheme for Huboo, one of the UK’s fastest-growing fulfilment technology providers.
Huboo has signed a new lease at Canmoor’s site in Central Park (J1 M49), adding to the existing presence on the scheme having acquired Unit 2 last year. The 2nd phase of More+ comprises 6 detached units ranging from 20,000 to 94,000 sq ft as well as fully fitted office spaces.
The letting is the latest in BNP Paribas Real Estate’s ongoing partnership with Huboo in support of its UK expansion and follows the leasing of its 106,000 sq ft facility at Chippenham’s St Modwen Park logistics hub, resulting in 400 jobs being generated for the local area.
Peter Edgar, Chief Financial Officer at Huboo comments: “The introduction of Unit 3 is a core part of our strategic plans to scale globally and came in response to soaring market demand. It enables us to support the surrounding regional economy and double our flagship site’s overall warehousing footprint. It also allows us to significantly grow both our B2B and B2C customer bases, while retail businesses will continue to receive the same unparalleled level of service that they’ve come to expect from Huboo.”
Josh Gunn, Head of the Bristol Office and Industrial & Logistics South West Director at BNP Paribas Real Estate added: “The strength of the regions is driving competition amongst occupiers for high quality warehouses in excellent distribution locations. To allow aspirational businesses like Huboo to expand and grow, greater supply must be addressed across the South West market. More+ provides an excellent solution for those desired occupiers, adding to Huboo’s established logistics facilities throughout the UK and Europe.”
The Bristol-headquartered Huboo is one of the fastest-growing companies in the UK, renowned for its intuitive ‘hub model’ technology, which enables online merchants of all sizes to access a full end-to-end fulfilment operation in a matter of minutes.
More+ is located in close proximity to the brand new Junction 1 M49, M4 and M5, giving unrivalled access to the South West and Wales.
BNP Paribas Real Estate represented Huboo. Russell Property Consultants LTD, Knight Frank, and DTRE represented Canmoor.
