Bridge Industrial (“Bridge”), the US-based industrial real estate operating company and investment manager, has announced its first acquisition for industrial space since opening its London office in November 2020.
Bridge has purchased a site with an existing warehouse unit in the Great Western Industrial Park in Southall, North West London.
Bridge will commence the construction of Bridge Point Southall during Q2 2022, providing a Grade A industrial facility that will be speculatively built to serve the last-mile logistics sector. Completion of the project is expected in Q1 2023.
Paul Hanley, Bridge’s London Partner, comments: “Since launching in the UK we have been actively pursuing land and development opportunities throughout Greater London and are pleased to have a number of sites already under offer. We have substantial capital to invest across Greater London, the South East and the West Midlands, and are delighted to have completed our first site acquisition, with more to follow very soon.”
The site is perfectly located with easy access into Central London as well as great connections to Heathrow Airport, the M4 and the wider UK motorway network, making it a prime location for last mile logistics.
Bridge was represented by Cogent Real Estate in the transaction.