Wrenbridge & Buccleuch get council backing for Dartford Industrial

Buccleuch Property and Wrenbridge have received planning permission from Dartford Borough Council to develop four new warehouse units within the council-backed mixed-use business park The Bridge.

Totalling 45,500 sq ft, the units will range from 8,500 sq ft to 13,500 sq ft across the 1.9 acre, previously undeveloped site in Kent acquired by the joint venture earlier this year. Construction is due to begin in the Autumn, with units available to let by July 2019.

The Bridge is a joint venture between Prologis and Dartford Borough Council comprising 1.8m sq ft of commercial space with hotels and restaurants, new homes, community facilities and over 80 acres of public open space. Current tenants include Sainsbury’s, Mercedes-Benz and Motorline already on site.

Neil Finnie, director at Buccleuch Property, said: “This latest acquisition further enhances our presence in the area, offering a prime opportunity to create value and expand our development exposure in the South East.

“As our plans for the site progress we will work closely with the local council and existing businesses within The Bridge, to ensure the build is in-keeping with the surrounding area.”

The development at The Bridge is a second JV for Wrenbridge in Belvedere following the acquisition and subsequent construction of the Axion Building which was forward sold to Orchard Street Investment Management for £11.3m and is due to complete in September 2018.

Jeff Wilson, director at Wrenbridge, added: “We are looking forward to delivering another exceptional speculative warehouse scheme within the thriving south east London and Kent market. The proposed unit sizes are exactly what the market needs at this time.”

Author: Richard Hook

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