Forsters acts for Bridges and Wrenbridge on the preletting of three logistics units in Aylesford
The Industrial and Logistics team at Forsters has acted for longstanding clients Wrenbridge and Bridges Fund Management on pre-letting of three units at ‘Click Aylesford’ (as reported in React News). The pre-letting comprises 95,000 sq ft of the 300,000 sq ft scheme, where practical completion is expected in summer 2024.
One of the units has been pre-let to FixFast on a 10-year lease, and the other two units have been pre-let to Headline Filters on a 25-year lease. The development is targeting EPC A+ and BREEAM Excellent ratings. The occupational arrangements are aligned with the Wrenbridge/ Bridges aspiration to develop and operate “some of the UK’s most sustainable industrial buildings”.
A multidisciplinary team (Commercial Real Estate, Construction, Planning and Tax) continues to act on matters relating to the development, having acted on the original acquisition in Autumn 2022.
Victoria Towers, Co-Head of the Industrial and Logistics group, said: “We are delighted to continue our relationship with both Bridges and Wrenbridge as they bring forward a highly sustainable logistics portfolio – including working with their prospective occupiers to ensure arrangements are fit for an increasingly ESG-focused future.”
Victoria Towers, assisted by Commercial Real Estate Senior Associate, Edward Glass, Construction Partner, Sarah Cook, Construction Senior Associate, Dan Burr, and Construction Associate, Lauren Hepburn, advised on the deal.