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PortfolioSpark, Bishop’s Stortford

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.
Chris Button, Head of Value Add REIM
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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