Frimley Business Park - Bridges Fund Management

    

    

























 






    
	            
			    
    



		
		    

    
    
    





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Frimley Business Park

Delivering sustainable exemplar industrial units for SMEs.

Investment Strategy

Property

Theme

Sustainable Planet

Date of initial investment

March 2021

Bridges Executives

Henry Pepper

Thesis

In order to achieve a net zero carbon economy by 2050, the UK must reduce its total energy consumption and increase the amount of energy it generates from renewable sources. The built environment accounts for approximately 40% of energy use and around 40% of the UK’s total carbon footprint – so improving the energy efficiency of our buildings is critical if we want to reach our net zero targets. Developing high-quality, low-carbon industrial units will contribute positively towards this.

Investment

The Bridges Property Funds acquired the 9-acre Frimley Business Park site in March 2021. Adjacent to J4 of the M3 Motorway, the site currently houses three vacant office buildings. We are repurposing the site for an industrial development of c.85,000 sq. ft. in five units, ranging from c.7,000 sq. ft. to c.30,000 sq. ft. With limited availability of sites around the M3 corridor, demand is strong to accommodate ecommerce-led businesses with industrial/logistics space. Most importantly, the development is focused on reducing embodied carbon in construction and maximising energy-efficiency in operation.

Outcomes

Frimley Business Park will positively contribute towards the decarbonisation of the built environment by targeting a BREEAM ‘Excellent’ specification and 100% regulated CO2 emissions savings versus a new standard construction. The sustainability initiatives will also improve the health, well-being and productivity of the occupants, thanks to better environmental conditions and initiatives such as cycling/shower facilities and appropriate daylighting provision.