Bristol industrial park changes hands for £22m

Insurance group NFU Mutual has bought a 155,000 sq ft industrial estate in Bristol from Barwood Capital and Trebor Developments for £21.7m. Portside Park comprises six units, with an initial letting made to engineering company Efinor. The vendors said there is “strong occupational interest” in the remaining space. Barwood developed the project as the fifth scheme from its 2017 Property Fund and its fourth joint venture with British Airways Pension Trustees. Andrew Barlow, a director at Barwood, said: “Portside Park provides newly built product into a supply constrained market where demand remains buoyant thanks to Bristol’s strategic location.” James Drew, development director at Trebor Development, added: “The development at Portside Park is a rare opportunity for a fund to purchase a multi-unit scheme of high quality in a popular location with occupiers.” Barwood and Trebor were represented by CBRE, while Savills acted for NFU Mutual. CBRE and Hartnell Taylor Cook are letting agents on the scheme. To send feedback, e-mail tim.burke@egi.co.uk or tweet @_tim_burke or @estatesgazette Photo: Barwood Capital