RISE,
Hemel Hempstead
Overview
Sector
Logistics
Purchase Date
August 2022
Purchase Price
£8.5m
GDV
£21.0m
Strategy
Fiera Real Estate
Logistics Development Strategy
Logistics Development Strategy
We are very pleased to have completed on our first acquisition for the fund and to be bringing forward yet another high-quality and sustainable scheme alongside our Operating Partner, Wrenbridge. The fund is targeting similar sites for speculative industrial development around the UK.
Property Company
Features
- Former HQ offices on 2.3 acre site in Hemel Hempstead
- Development of a self contained 52,000 sq ft Grade A logistics warehouse with 12m clear internal eaves, 50kN/sq m floor loading and 40m secure yard
Purchase Rationale
- Located in a prime industrial location within the Maylands Business area
- One mile from Hemel Hempstead town centre, one mile from Junction 8 of the M1 and 5 miles from junction 21a of the M25
- Lack of Grade A mid-sized supply in M1/M25 locations, strong demand for distribution warehouses in the Southeast
ESG
- Targetting EPC A+ and BREEAM Outstanding
- Net Zero Carbon construction
- EV charging points
- High efficiency HVAC systems
- Photovoltaic panels
Location
- 55 Maylands Avenue, Hemel Hempstead, HP2 4SJ
All Assets
Spark,
Bishop’s Stortford
Watford Works,
North-West London
Skyline,
Bristol
Claverings Industrial Estate,
Edmonton
Urban Crawley,
Crawley
Opus 49
Avonmouth, Bristol
Prospero Ansty Park,
Coventry
Xpanse 120,
West Midlands
Alicante
PBSA Development
Southampton
Logistics Development
Valencia
PBSA Development
Rectory Farm,
Kings Langley
Virginia Water,
Surrey
Trade Street Gardens,
Cardiff
Planetary Road,
Wolverhampton
B&Q Portfolio
Aston,
Birmingham
Asda,
Stockport
King Street,
Leeds
Halo,
Bristol
Aurora,
Bristol
Willingdon,
Eastbourne
The Castings,
Manchester
Millwrights Place
& Coopers Court, Bristol
Maritime Gateway,
Southampton
