Fiera Real Estate has acquired two prime U.K. industrial development sites in Wimbledon and Bury St. Edmunds on behalf of its joint venture with a U.K. institution. They will be developed by Fiera and Wrenbridge, with a combined gross development value of more than £110 million ($150 million).
The joint venture’s first acquisition, from Schroders, is a strategically positioned development site in the South Wimbledon Business Area, approximately eight miles from central London and three miles from Croydon. The site benefits from excellent transport connectivity, including immediate access to both the A24 and A3, providing efficient links to central London and the wider southwest London area.
Plans for the development comprise four industrial units totaling 116,648 square feet, featuring 10-meter (32.8-foot) eaves heights, 30-meter (98.4-foot) yard depths on the western elevation and high-quality office space.
The second acquisition is a 6.44-acre site in Bury
