BentallGreenOak (BGO), a global real estate investment management adviser and provider of real estate services, and its development partner, Equation Properties, have acquired a 60-acre development site in Avonmouth, a port and outer suburb of Bristol, England.
The site benefits from existing planning consent and is close to Bristol’s key transport links. It will be developed by BGO and Equation across three phases, with units ranging from 40,000 square feet to 560,000 square feet, and the first units will be completed by summer 2022.
This transaction further cements BGO’s position as one of the most active players in the European logistics market. While it has been operating in this space for many years, in the past six months alone the firm has executed five transactions to acquire standing assets and development land to deliver a combined 5 million square feet of U.K. logistics space. This includes the acquisition, made in partnership with Equation, of Orwell L
