Industrial and warehouse developer Tungsten Properties, has secured £19 million of funding from a UK family office to deliver Tungsten Park Filton, a new 94,200ft² (8,751m²) Grade A industrial development in Bristol.
Located on Hayes Way in Filton, the scheme will comprise five units ranging from 10,200ft² to 30,000ft² (947m² to 2,787m²), to help address the shortage of Grade A mid-box industrial accommodation within the Bristol market.
Magrock Construction has been appointed as main contractor following a competitive tender process and will deliver the development on behalf of Tungsten and its funding partner.
Set across a self-contained 4.55-acre site, Tungsten Park Filton has been designed to meet the evolving requirements of occupiers seeking highly sustainable, future-ready industrial space.
The scheme will target BREEAM ‘Excellent’ and EPC ‘A’ ratings and will incorporate numerous green measures in the specification to include rooftop photovoltaic panels, electric vehicle charging infrastructure, sustainable drainage features and extensive landscaping.
Tungsten Properties development director, Ian Dunckley, said: “Securing funding for Tungsten Park Filton represents a significant milestone and demonstrates continued confidence in both the Bristol market and the wider mid-box sector.
“Bristol remains a highly supply-constrained market, and the scheme will help address this shortage by delivering exceptional accommodation in a strategic and highly visible location.
“This funding commitment demonstrates continued confidence in the industrial sector and in the strength of the Bristol market. We look forward to delivering a Grade A scheme for our funding partner and future occupiers.
“Magrock Construction emerged as the preferred contractor through a competitive tender process and we have every confidence that the team will deliver a first-class project.”
