Stoford has been confirmed as development partner for the delivery of 1.3 million sq ft of distribution units at the former Avlon Works site in Avonmouth, near Bristol.
Birmingham-based Stoford Developments is once again joining forces with Mountpark Logistics, which recently announced it has acquired the 58.8-acre site from Astra Zeneca UK.
The site has full planning permission for 1,288,000 sq ft of distribution in up to four units ranging from 150,000 sq ft to one million sq ft. It has the potential to attract around 1,500 jobs for local people.
Dan Gallagher, joint managing director of Stoford, said: “We are excited to be working alongside Mountpark Logistics on this prime distribution site at Avonmouth Severnside. We have an excellent track record of delivering high quality distribution units across the UK in partnership with Mountpark and this will be another first class development in a highly sought after distribution hub location.”
Stoford and Mountpark Logistics are also delivering 400,000 sq ft of warehouse space at Central Park, Avonmouth with design and build units of various sizes, up to a single unit of 400,000 sq ft.
The site is adjacent to another project at Central Park delivered by Stoford – a £90 million, 1.2 million sq ft regional distribution hub for The Range.
The new development at Avlon Works is the latest in a series of deals between the two companies. They have already joined forces to deliver major industrial and warehouse schemes at Wakefield Europort in Yorkshire and at Airport City, Manchester.
Site preparation work is already underway and construction is expected to begin early next year. The site is near the new M49 junction, and within easy reach of the M4, M5 and M48 motorways. Intermodal facilities are offered by the docks at Avonmouth and Royal Portbury, and the nearby rail freight terminal.
Founded in 1996, Stoford specialises in occupier-led, pre-let commercial property developments. It has completed commercial developments totaling well in excess of 10 million sq ft across a diverse range of sectors such as industrial, office, retail and hotels.
Mountpark Logistics EU Sarl is a joint venture between the USAA Real Estate Company (USAA Realco) and Mountpark Finco Sarl (Mountpark). The venture has been established to develop logistics facilities across Europe, with particular focus on the UK and Central Europe markets.
