Howard Tenens has been successful in securing planning permission for the potential further development of its Sharpness site in Gloucestershire. The privately-owned logistics company will be entering into a Joint Venture with the Pearce Family, owners of the neighbouring land adjacent to the existing Severn Distribution Park which houses the Howard Tenens Sharpness operation.
The planning application was submitted as a result of the rest of the Howard Tenens property portfolio nearing capacity, along with a growing demand for logistics and warehousing space across the country.
The company is currently finalising plans for the development before deciding whether they proceed to speculatively develop what will be known as “Bristol Gateway II”, following the success of the original Bristol Gateway.
The original 169,478 sq ft Bristol Gateway warehouse, increased the Sharpness site warehouse footprint to 638,580 sq ft, and the potential further 467,000 sq ft would see the site climb over 1 million sq ft,.
Simon Emms, Property Director at Tenens, comments: “We are delighted to have received this planning consent which will, once developed, provide some 467,000 sq ft of additional warehouse space over two buildings with 16m to eaves.
Having secured a long term letting to CM Downton on the recently developed Bristol Gateway and with our current high occupancy levels allied to the demand for warehouse space in the market we are very excited about the prospects for this development. Securing CM Downton has also highlighted the suitability of Sharpness as a logistics location and bodes well for future employment opportunities in the area”.
As a group Howard Tenens continues to build on its freehold network of property and warehousing facilities with developments in Ashby, Andover, Boston, Cheshire, Greater London, Swindon and Manchester.
The site includes both existing tenants as well as multiple Howard Tenens logistics operations, undertaken by the professional onsite logistics team. Located between Junctions 13 & 14 of the M5 motorway, Sharpness benefits from easy access to the M5, M4 and A38 and connections to the rest of Howard Tenens’ national logistics operations.
The facility is alcohol and tobacco bonded to manage associated duty liabilities, and the team onsite provide a wealth of knowledge and experience for bonded customers, as well as catering for logistics operations in the food, drink and retail sectors.
David Hagg, Chief Executive of the Stroud District Council comments: “We are delighted that Howard Tenens is making yet another major investment in Stroud District and so soon after the successful launch of Bristol Gateway . The expansion of the Severn Distribution Park and the new facilities at Bristol Gateway II help deliver more jobs and growth in a successful and diverse local economy. We look forward to companies using the Howard Tenens facilities to grow their businesses”.
HOWARD TENENS
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