Wrenbridge and Bridges Fund Management have acquired a strategic employment site on North Road, Stevenage, with a view to developing over 200,000 sq. ft. of logistics/industrial space.

The 16.5-acre site, which is allocated for employment use, sits 0.5 miles to the west of Junction 8 of the A1(M) and 20 miles north of the M25.

Wrenbridge and Bridges plan to deliver a high-quality industrial and logistics scheme that will potentially create up to 1,000 jobs and boost economic growth in the region. The proposed new scheme will also be highly sustainable, with a target BREEAM rating of ‘Excellent’. A planning application is likely to be submitted in April.

Ben Coles, Chief Executive of Wrenbridge, comments:

“This is a key employment site in Stevenage. and we look forward to working with the Council and other key stakeholders to bring forward a scheme that can make a significant contribution to the local economy through job creation. We will be delivering high-quality industrial and logistics accommodation to meet existing and future market demand.”

Henry Pepper, Investment Director at Bridges Fund Management, comments: “This important site can play a key role in meeting the rising demand for high-quality industrial and logistics space, while supporting the growth of the local economy. We are excited by the opportunity to create a highly sustainable development that will minimise environmental impact while maximising wellbeing and cost savings for future tenants.”