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Tungsten invests in Avonmouth logistics scheme (GB)

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Tungsten Properties has acquired 25 acres of land at Severn Road, Avonmouth, Bristol from Delta Property Holdings for €12.7m (£11m). The 25-acre scheme is across two plots to the north and south of Severn Road and will accommodate a 457,000ft² logistics scheme across six buildings, ranging from 16,000ft² to 240,000ft². It is estimated that the project will help to create more than 300 new jobs.

 

The site benefits from an existing outline planning permission. Tungsten Properties is committed to deliver phase one which will be two industrial units totalling 80,000ft² and 240,000ft². Construction is due to start in September 2021 and the two buildings will be completed by summer 2022. Phase two will be four smaller buildings which will range from 20,000ft² up to 62,000ft² to a total of 125,000ft². Avonmouth is a well-known and established south-west distribution location due to its thriving port and links to the M49 and M5. Occupiers include AmazonLidlTescoDHLNext, The RangeCoop, Acolade Wines and Asda.

 

Ian Dunckley, development director, Tungsten Properties said: “With Avonmouth being such a well-connected place with a strong workforce in nearby Bristol and South Wales, it is ideal for logistic occupiers. With retail habits changing and consumers purchasing more online, the warehouse distribution market is expanding and we aim to capitalise on this growth. To meet the demand, we will focus on the two larger units. We have built up a strong relationship with British Airways Pension Trustees and look forward to delivering this next significant project with their support to deliver high-quality logistics space and jobs.”

 

Russell Crofts, partner, industrial and development, Knight Frank, who acted on behalf of Tungsten Properties added: “This purchase reflects another major vote of confidence in Bristol as the prime location for logistics throughout the region. Tungsten has a proven track record of delivering high-quality developments, and the proposed scheme will reflect this reputation. Over the last 12 months, demand has been extremely high throughout the region, and we expect the new purpose-built distribution units to immediately meet this lack of supply in a highly active marketplace.”

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Garbe Industrial Real Estate invests €48m in German logistics scheme

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Garbe Industrial Real Estate has unveiled plans for the construction of a logistics centre with a total area of 35,500m² in Bollberg near Jena (Thuringia). Construction is scheduled to start in December 2022, with an investment of around €48m. The scheme will be designed so that it can be divided into units of around 10,000m² or more. In addition, there will be 1,400m² for offices and social rooms as well as 2,500m² of mezzanine space. The new unit will be equipped with 30 dock levellers and three ground-level gates. Parking spaces for 117 cars and four trucks will be provided outside.

 

“A location for a logistics centre could hardly be better,” commented Adrian Zellner, Member of the Executive Board at Garbe Industrial Real Estate. The Hermsdorfer Kreuz interchange, which connects the A 4 Bad Hersfeld − Dresden motorway with the A 9 Berlin − Munich, is seven kilometres away. Both motorways are among the most important northsouth and west-east axes in Germany. The A 4 runs virtually within sight of the business park. The Stadtroda junction is easily reached after a one kilometre ride without having to pass through the town.

 

Proximity to Jena also played a role in the property purchase: “The city has made a name for itself as a high-tech location. Both international corporations and small and medium-sized companies are represented in Jena,” says Adrian Zellner. “Demand for developed land is correspondingly high. That’s why we decided to develop the logistics centre with a view to the future.”

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Tungsten and BC Partners launch €296m industrial JV (GB)

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Tungsten Properties have signed a transformative €296m (£250m) JV funding agreement with BC Partners. The newly formed joint venture company will target single and multi-let industrial opportunities across the UK, which will range from last-mile to big box logistics warehouses with a GDV of greater than €29.6m (£25m). Tungsten Properties will act as asset and development manager for the joint venture. With a strong conviction in the underlying occupational fundamentals of the industrial warehousing sector, the joint venture has already identified a strong pipeline to initially seed the partnership.

 

Jeff Penman, managing director, Tungsten Properties said:“This is a significant step in Tungsten’s expansion strategy to continue to deliver industrial and warehouse space to create growth, jobs and investor returns. This transformational JV agreement with BC Partners will provide reliable capital to continue delivering strategically located, environmentally friendly buildings across the UK. While there is volatility in the capital markets, both Tungsten and BC Partners believe that the industrial market’s long-term fundamentals remain strong. With a fighting fund behind us, we look forward to securing further opportunities.”

 

Laurian Douin, partner, BC Partners said: “The UK industrial and warehouse sector has strong secular fundamentals. Given Tungsten’s strong track record and like-minded approach to development, we are thrilled to partner with them to jointly invest in this asset class. The joint venture intends to deliver well-located, exceptional schemes to meet occupier demand, with a particular focus on schemes’ environmental credentials in-line with BC Partners Real Estate’s commitment to ESG.”

 

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Four homes for sale with swimming pools: With price tags from £1.1m to £190k

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Owning a property with a swimming pool might seem like one of life’s luxuries that is reserved for millionaires.

But, as our pick of homes for sale with swimming pools proves, you don’t have to have a multi-million pound property to have one.

That said, you may still need deep pockets for their upkeep, which can be costly, particularly if you want to keep your swimming pool heated to a comfortable temperature.

While water shortages and hosepipe bans are hitting the headlines, a pool that is already filled with water will not draw on resources but may be forbidden from being topped up by hosepipe in the case of a ban.

Our pick of four properties for sale with swimming pools are for various budgets, ranging from £1.1million to £190,000 (scroll down for more information about the house pictured)

Our pick of four properties for sale with swimming pools are for various budgets, ranging from £1.1million to £190,000 (scroll down for more information about the house pictured)

Here, we take a look at four swimming pools at properties for those with a range of different budgets.

At the top end is a six-bedroom house in Ramsgate, Kent. with an acre of land that includes an outdoor swimming pool. It has a price tag of £1.1million.

At the other end is three-bedroom property in Ashington, Northumberland, with an empty indoor swimming pool and an asking price of only £190,000.

Daniel Copley, of Zoopla, said: ‘With Britain currently experiencing a heatwave, it’s no surprise that homes with swimming pools are proving to be increasingly popular.

‘Whether your budget is more in the deep or shallow end, some homes with pools may be more affordable than you think.

‘While the rise in energy bills will have a very real impact on those wanting to heat a pool, at this time of year a refreshing dip may be just what’s needed.’

Four properties with swimming pools… 

1. Six-bed house, Ramsgate, £1.1m

The most expensive house in our list of properties with swimming pools is this £1.1million home in Ramsgate, Kent, which is being sold by Miles & Barr estate agents

The most expensive house in our list of properties with swimming pools is this £1.1million home in Ramsgate, Kent, which is being sold by Miles & Barr estate agents

The property is called Pond Cottage and it boasts a large outdoor swimming pool that has a curved slide at the side

The property is called Pond Cottage and it boasts a large outdoor swimming pool that has a curved slide at the side

Inside the property, the entertainment facilities continue - with a cinema room that has black chairs and a red carpet

Inside the property, the entertainment facilities continue – with a cinema room that has black chairs and a red carpet

The most expensive house in our list of properties with swimming pools is this £1.1million home in Ramsgate, Kent.

It boasts more than an acre of land that includes a large outdoor swimming pool, a patio and a pool area.

The property is called Pond Cottage and it is being sold by Miles & Barr estate agents.

2. Five-bed semi-detached house, Welling, £625k

This semi-detached property in Welling, Kent, may not look like it can house a swimming pool from the front aspect

This semi-detached property in Welling, Kent, may not look like it can house a swimming pool from the front aspect

A slimline swimming pool has been added to the rear of the house and it has been covered to protect it from the elements

A slimline swimming pool has been added to the rear of the house and it has been covered to protect it from the elements

The Kent property is on the market with a price tag of £625,000 and the sale is being handled by estate agents MS Estates

The Kent property is on the market with a price tag of £625,000 and the sale is being handled by estate agents MS Estates

This semi-detached property in Welling, Kent, may not look like it can house a swimming pool from the front.

But a slimline swimming pool has been added to the rear of the house. It is on the market for £625,000 via MS Estates.

3. Five-bed house, Ripon, £450k

This three-bedroom house in Ripon, North Yorkshire, was once a barn and has been converted into a family home with a swimming pool

This three-bedroom house in Ripon, North Yorkshire, was once a barn and has been converted into a family home with a swimming pool

The curved shaped indoor swimming pool sits below wooden beams and has a separate bar area for entertaining

The curved shaped indoor swimming pool sits below wooden beams and has a separate bar area for entertaining

The barn conversion has a colourful interior and is on the market for £450,000 via Solo Property Management estate agents

The barn conversion has a colourful interior and is on the market for £450,000 via Solo Property Management estate agents

This three-bedroom barn conversion in Ripon, North Yorkshire, boasts an indoor swimming pool and bar area.

It is on the market with a price tag of £450,000 and the sale is being handled by Solo Property Management.

4. Three-bed house, Ashington, £190k

This three-bedroom house in Ashington, Northumberland, is the cheapest in our list of properties for sale with swimming pools

This three-bedroom house in Ashington, Northumberland, is the cheapest in our list of properties for sale with swimming pools

The 1930s detached property has an indoor swimming pool that isn¿t currently being used because it has been left empty

The 1930s detached property has an indoor swimming pool that isn’t currently being used because it has been left empty

The three-bedroom property is currently for sale for £190,000 and is being sold via Rook Matthews Sayer estate agents

The three-bedroom property is currently for sale for £190,000 and is being sold via Rook Matthews Sayer estate agents

This three-bedroom house in Ashington, Northumberland, is the cheapest in our list of properties for sale with swimming pools.

It is a 1930s detached property with an indoor swimming pool that isn’t currently being used as it is empty.

The property is for sale for a relatively cheap £190,000 and is being sold via Rook Matthews Sayer estate agents.

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