Bridge Industrial, the US-based industrial real estate operating company and investment manager, has announced its fifth site acquisition within the M25, securing an 8.5-acre business park in Weybridge.
The freehold interest in Weybridge Business Park has been purchased from Abrdn, with vacant possession, for Bridge’s latest industrial development. Currently housing six separate office buildings, the site will be redeveloped to provide approximately 190,000 sq ft of purpose-built industrial facilities across three separate units.
Positioned just off Weybridge Road, in an established industrial and trade counter location, the site provides easy access to the M25 and M3, serving London and the South East.
Paul Hanley, Bridge’s London Partner, comments: “We are excited to announce our largest site acquisition to date and our fifth within one year. We are already well underway with our plans to develop the site in keeping with our strategy of providing high-quality, purpose-built infill industrial assets, serving the last mile sector, and expect to submit planning by early April this year which would enable us to start on site in Q1 2023.”
Bridge was represented by Montagu Evans in the transaction. Savills advised Abrdn.
Bridge Industrial launched its UK operations in November 2020. In May 2021, Bridge announced its first acquisition in North West London, Bridge Point Southall, followed by two further acquisitions in Barking and Uxbridge in July and a further site in Croydon in September. Bridge is actively pursuing land and development opportunities throughout Greater London, the South East, and the West Midlands.