Buccleuch Property and Wrenbridge have received planning permission to develop four new warehouse units at The Bridge, Dartford, after purchasing the 1.9-acre site earlier this year.
The high spec warehouse units will be located within the heart of The Bridge, a mixed-use business and innovation park. Totalling 45,500 sq ft, the units will range from 8,500 sq ft to 13,500 sq ft in size.
A previously undeveloped site, Buccleuch Property is planning to transform the land to create employment opportunities and provide economic value to the local area. Construction is due to begin in the Autumn, with units available to let by July 2019.
Located just off junction 1A on the M25 with excellent transport links and access routes, The Bridge is already proving to be a popular location for businesses, with a Sainsbury’s distribution centre, Mercedes-Benz and Motorline already on site.
A joint venture between Prologis and Dartford Borough Council, The Bridge aims to integrate over 1.8 million square feet of commercial space with hotels and restaurants, new homes, community facilities and over 80 acres of public open space.
A key location for Buccleuch Property, the development at The Bridge follows the success with Wrenbridge in Belvedere where, following the acquisition and subsequent construction of the Axion Building in Belvedere, the property was forward sold to Orchard Street Investment Management for £11.3m and is due to complete in September 2018.
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.”
Jeff Wilson, Director at Wrenbridge, commented:
“We are looking forward to delivering another exceptional speculative warehouse scheme within the thriving SE London and Kent market. The proposed unit sizes are exactly what the market needs at this time.”