North Road, Stevenage

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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

In February 2021, the Bridges Property Funds purchased a 15.7-acre vacant site in Stevenage, less than a mile away from Junction 8 of the A1(M). We plan to develop four industrial warehouse units totalling c.200,000 sq. ft., to cater to the strong industrial demand in the area. The properties are expected to demonstrate environmental leadership, targeting BREEAM “Excellent” and EPC rating of A as a minimum as part of a Net Zero Carbon development.

Outcomes

Our North Road site aims to be an exemplar industrial development in terms of environmental leadership. Our aim is to save 35% of CO2 emissions vs a standard build in construction, and then reduce carbon emissions and maximise energy-efficiency in operation – which will also reduce operational costs and support occupants’ well-being.