BGO and Equation Properties (EQ) announced that the established joint venture has committed to a further 2.14m sq ft of new logistics development in the Midlands, South East and East Anglia, in 6 separate schemes respectively.
To date, BGO and EQ have developed 1.74m sq ft of logistics warehousing across the South East, London, South Yorkshire and Midlands. The announcement underpins the joint ventures belief and conviction in the industrial and logistics sector. The 6 schemes commenced construction in Q3 2024 with over £167m invested to build out 2.14m sq ft.
The six new speculative schemes comprise of the following:
Matrix 49 Bristol – Single speculative unit of 235,235 sq ft under construction and due to PC May 2025. A further 890,000 sq ft is also available for D&B opportunities. More information – Matrix49Bristol.co.uk
Horizon 29 Bolsover – Two speculative units comprising 251,607 & 251,716 sq ft under construction and due to PC June 2025. Phase 1 totalling 601,000 sq ft in 5 units has already been constructed. More information – Horizon29.com
Radius Park Basingstoke – 7 speculative multi-let units totalling 144,531 sq ft with unit sizes ranging from 10,135 – 29,194 sq ft. Under construction and due to PC September 2025. More information – https://lnkd.in/eCziCpvy
Vanguard Logistics Park Longmoor – Two speculative units comprising 200,367 & 146,196 sq ft under construction and due to PC in July 2025. More information – https://lnkd.in/etUuMut9
Orwell Logistics Park Felixstowe – Two pre-let units comprising 500,000 & 25,335 sq ft with an additional 5.34 acres of open storage, under construction and due to PC in April 2025
Novus Peterborough – One speculative unit comprising 387,259 sq ft under construction and due to PC in June 2025. More Information – Novus387.com
Richard Batham-Read, Managing Director at Equation Properties, said “The joint venture continues to perform well having acquired sites during the early phase of the boom cycle, not at peak prices, and through successful management of cost-inflation on those projects now completed. Having temporarily paused speculative development of these sites, we are delighted to be kick-starting a significant delivery phase at a time when Grade A supply has largely diminished. We are also turning our attention to the next phase of acquisition, the sector now showing positive signs of renewed growth.”
Gareth Purcell, Managing Director at BGO, said "Commencing construction on four further projects with best-in-class credentials including BREEAM Outstanding ratings continues our broader focus on delivering high quality logistics space into under-supplied markets across Europe where tenant demand continues to be robust.”
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onstruction for Phase 2 is 20% complete. The steel frame is now underway and construction is […]
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Equation Properties are delighted to welcome Nick Arbuckle to the team as Development Surveyor as of […]
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Sizewell C has now received planning consent for much needed new nuclear power station. A project […]
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Construction is 60% complete for Units 1 and 2. Steelwork is well advanced and cladding fitting […]
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Construction is 40% complete for Units 1 and 2 with steelwork well advanced and cladding beginning […]
Construction 75% complete at Arrow Point. Construction is progressing rapidly on-site with the cladding and external […]
Construction is 40% complete at Endeavour Point with steelworks progressing rapidly and cladding beginning to be […]
Demolition is now complete at Zenith 105 and construction is commencing in March 2022, with anticipated […]
Construction is underway for Phase 1 at Orwell Logistics Park with groundworks in advanced stages. Construction […]
Construction is underway at Endeavour Point with groundworks in advanced stages. Construction is due to complete […]
Construction 50% complete at Arrow Point. Construction is progressing rapidly on-site with the steelwork in advanced […]
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We would like to wish our followers a Happy New Year. 2021 was a successful year […]
Enabling works at Matrix 49 are progressing rapidly with 50% of land up-filling complete across the […]
Construction is now 70% complete at Verda Park with cladding well-advanced and internal works underway. The […]
Equation Properties are pleased to announce that detailed planning permission has been granted for Orwell Logistics […]
Planning consent has been granted for Arrow Point and construction has now commenced on-site and is […]
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Construction is progressing rapid on-site with steel superstructure all but complete and cladding now being applied […]
n conjunction with BentallGreenOak, Zenith 105 is strategically located on Ealing road, Wembley, benefitting from proximity […]
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We’d like to wish all of our followers a Happy New Year. 2020 was a promising […]
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