19 July 2021

Forsters advises Barwood Capital and Bridges Fund Management on the acquisition of a proposed £20m net zero carbon urban logistics scheme

Forsters has advised Barwood Capital (“Barwood”) and Bridges Fund Management (“Bridges) on the purchase of the former John Nike Leisuresport Ice Rink in Bracknell for the development of a new £20m logistics scheme.

Barwood will act as Development Manager and are looking to deliver highly sustainable net zero carbon, BREEAM Excellent and EPCA+ specification warehouses at the 3.34 acre site.

Edward Henson, Director and Head of Transactions at Barwood Capital, comments: “Following the closure of the Ice Rink, we are delighted to be bringing this site back into use. Local businesses in Bracknell seeking warehousing space currently have limited options. Our plan is to deliver in the region of 70,000 sq. ft. of industrial space through the proposed new scheme which will go some way to meeting this demand.”

Henry Pepper, Investment Director at Bridges Fund Management, adds: “This well-located site can be positioned to meet strong local demand for industrial and logistics. Together with Barwood, we will draw on our extensive experience of developing best-in-class low-carbon logistics sites to create a scheme which is both energy-efficient and highly sustainable in its operation.”

Commercial Real Estate Partner, Victoria Towers, led on this transaction, assisted by Senior Associate, Jade Capper.

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