Construction set to start on new Bristol retail park – South West

Construction set to start on new Bristol retail parkConstruction is set to start on a new trade and retail park in BristolDemolition has completed on a 12-acre site adjacent to Longwell Green Retail Park in east Bristol in preparation for the new mixed-use scheme.Phase One includes a trade-anchored redevelopment and plans for future phases are ongoing.The wider Longwell Green Trade Park will include a trade zone, drive-through restaurants and retail warehousing.The scheme is being developed by CBRE Investment Management on behalf of a Separate Account mandate.It already has outline planning permission for the development with a reserved matters planning application submitted for the first phase which will comprise the Trade Zone.The initial part of the scheme will comprise a trade unit totaling 18,126 sq ft which is pre-let to a national trade occupier. Phase One works are due to commence in the New Year and delivery scheduled for Q4 2024. The rest of the scheme has seen a positive response and it is likely to be 100% pre-let before works begin.Alder King and Curson Sowerby have been appointed as agents on the scheme.Andrew Ridler, partner at Alder King, said: “This brownfield site, with its dilapidated industrial buildings, has lain vacant for a number of years. The owners are now set to reinvent the asset to create a vibrant mixed-use development that will complement the established retail and leisure facilities in this location. The early response to the scheme demonstrates strong demand.”