Spark,
Bishop’s Stortford

Overview

Icon for Sector

Sector

Logistics
Icon for Purchase Date

Purchase Date

March 2021
Icon for Purchase Price

Purchase Price

£9.65m
Icon for GDV

GDV

£49.0m
Icon for Strategy

Strategy

Fiera Real Estate
Opportunity Strategy V
This site in Bishop’s Stortford is another key acquisition for FREOF V in partnership with Wrenbridge. This new scheme will help to meet the demand for industrial space which has remained high during the pandemic, underpinned by robust occupational market fundamentals.
Image of Chris Button
Chris Button
Head of Investment Management

Property Company

Project Website

Spark, Bishop’s Stortford


Features

  • 8.5-acre logistics site in Bishop’s Stortford
  • Planning consent achieved for a new 12-unit, Grade A logistics scheme
  • Fiera Real Estate and Wrenbridge are developing a 186,000 sq ft split across four buildings
  • Work commenced on site in Q4 2022

Purchase Rationale

  • The site benefits from excellent transport links to the Bishop’s Stortford ring road, M11 and wider road network
  • The scheme will tackle a current dearth of supply in the M11 corridor
  • There is currently strong occupier and investor demand for Grade A logistics in the South East

ESG

Certifications

  • BREEAM Excellent target
  • EPC A target

Resource use and efficiency

  • Leading energy-saving technologies
  • Low-energy LED lighting
  • Water-saving sanitaryware
  • Electric car charging points

Renewable energy

  • Roof-mounted photovoltaic panels

Health and wellbeing

  • Cycle parking and shelters

Location

  • St James Way, Bishop’s Stortford, CM23 4AT

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