Spark, Bishop’s Stortford
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.
- Purchase Date
- March 2021
- Purchase Price
- £9.65m
- NIY
- N/A
- Fund
- Fiera Real Estate Opportunity Fund V
- Property Company
- Wrenbridge
- 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
- Operating Partner
- Wrenbridge
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