Howard Tenens – the national privately owned logistics company – has successfully leased Bristol Gateway, the largest speculatively built warehouse development in the South West, on a 20 year lease, just six months after the building was completed, to CM Downton.
Simon Emms, Property Director at Howard Tenens comments: “The South West is experiencing a high level of demand for industrial property, however there is a tightening of supply. This led to a good level of interest in this property, resulting in letting the property in a short time frame and therefore justified our decision to build speculatively. We are delighted to have secured CM Downton as a long term tenant which proves the suitability of our Sharpness facility as a logistics location.”
Bristol Gateway, set over 169,478 sq ft, was opened in April 2016 by David Hagg from Stroud District Council. The warehouse features 20 dock leveller loading doors, office space based over two storeys, a viewing platform overlooking the entire warehouse and a large yard all of which were finished to Howard Tenens usual high standards.
Andy Downton from Downton comments: “The immediate availability of the property presented us with a high quality building that suited our purpose of fulfilling our clients contract, the strategic location of the distribution hub with dual access onto the M5 was seen as a huge benefit to our further business growth”.
Since completing the development back in April, Howard Tenens has also obtained planning permission to build a further 467,000 sq ft warehouse on the adjacent land as stated by Emms: As a group Howard Tenens continues to build on its freehold network of property and warehousing facilities with developments in Ashby, Andover, Boston, Cheshire, Greater London, Swindon and Manchester.
HOWARD TENENS
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