Tungsten Properties, in a JV arrangement with Euro Property Investments Limited, has acquired three development plots which total four acres at Frimley Business Park on the border of Surrey and Hampshire.
Frimley Business Park is an established industrial and logistics location that fronts onto junction 4 of the M3 which links to the M25 and wider national motorway network. The Park is also near to Frimley and Farnborough railway stations and a short walk to Frimley town centre.
Tungsten Properties has acquired plots 4.1, 4.2 and 4.3 through two separate transactions with all three plots benefitting from separate planning consents to permit industrial and logistics development.
Plot 4.1 was acquired off market and plots 4.2 and 4.3 were acquired from Rushmoor Borough Council.
Tungsten Properties will submit a new planning application for all plots to deliver a combined 70,000 sq ft (6,503 sq m) of industrial and logistics space with unit sizes which will range from 5,000 sq ft (464 sq m) to 28,000 sq ft (2,601 sq m) along with ancillary open storage.
Luke Davenport, associate development director, Tungsten Properties said: “We are delighted to have secured this opportunity on the established industrial and logistics location of Frimley Business Park. The site combines quick access to the M3 motorway with an attractive landscaped environment. We thank EPIL for their continued support and Rushmoor Borough Council for their cooperation and assistance with our acquisition of Plots 4.2 and 4.3.
“During the acquisition process the opportunity then arose to acquire Plot 4.1 in an off-market transaction creating significant marriage value between the plots. Both acquisitions demonstrate Tungsten’s ability to move quickly to secure prime sites in the South East."
Hugh Walton, director, Savills added: “Tungsten’s latest acquisition of the plots on Frimley Business Park further strengthens their growing reputation as a leading developer within the UK industrial and logistics sector. Occupier demand continues to grow for good quality and well-located opportunities, and the delivery of five units comprising 70,000 sq ft will provide much needed Grade A stock within a sub-market that continues to experience strong demand and continued rental growth.”
Subject to planning, construction is due to commence in Q2 2026.
Savills acted on behalf of Tungsten Properties; JLL acted on behalf of the vendor on Plots 4.2 and 4.3. HTC Architects has been appointed architect.