Bridges announces joint venture to deliver industrial and logistics development in Kent
Bridges Fund Management and Wrenbridge announce a joint venture with Gallagher Properties to deliver a new best-in-class industrial and logistics development in Paddock Wood, Kent.
Wrenbridge and Bridges Fund Management are delighted to announce a joint venture with Gallagher Properties to deliver a new best-in-class industrial and logistics development in Paddock Wood, Kent.
The proposed 200,000 sq. ft. scheme will provide a range of high-quality units designed to meet the growing demand for modern logistics space in the South-East.
The site already benefits from outline planning consent, with a detailed planning application to be submitted later this month. Following consent, construction is scheduled to commence in Q1 2026, with completion and occupation expected later in the year.
Thanks to smart design and the use of on-site renewables, the scheme is expected to be one of the most sustainable industrial developments in the UK, targeting EPC A+ and Net Zero Carbon in Operation.
The Paddock Wood scheme will build on the combined team’s proven track record in Kent, which includes Wrenbridge and Bridges’ recent development and sale of Click Aylesford, a 300,000 sq. ft. industrial site. It will deliver much needed sustainable and flexible space for occupiers, helping to support economic growth and job creation in the region.
Stephen Gallagher, Chief Investment Officer at Gallagher Properties, commented:
“Gallagher Properties are delighted to partner with Wrenbridge and Bridges. This collaboration is built on trust and individual expertise, but with an aligned and energetic purpose. We are looking forward to delivering this exemplary scheme as ‘one team’ and welcoming many businesses to thrive and grow at the completed development.”
Jamie Garrett, Director at Wrenbridge, commented:
“We are thrilled to team up with Gallagher, alongside Bridges, to bring this site forward and continue our development experience in Kent. There is a real need for grade A product in the region, which we are excited to bring forward in this exciting JV.”
Henry Pepper, Partner at Bridges, commented:
“We’re excited to bring forward this scheme, which will provide high-quality, energy- efficient employment space for the local area. As we’ve seen already in Kent, units like these are increasingly sought-after by occupiers, because it enables to them to reduce occupational costs while also minimising their carbon footprint.”
More details on the scheme will be shared in due course.
Leasing agents; CBRE, DTRE and Watson Day