Kingsbridge has acquired two sites in the south of England with planning permission to develop industrial and logistics units totalling 158,364 sq ft and with an estimated combined gross development value of £50m.

The Chichester-based developer plans to bring forward high-quality, sustainable industrial and logistics schemes at the sites in Thatcham, West Berkshire, and Horley, Surrey.

The four-acre site at Colthrop Lane, Thatcham, is a freehold site including 1980s office buildings with vacant possession. It has detailed planning consent from West Berkshire Council for demolition and redevelopment to provide two standalone warehouse buildings at 40,742 sq ft and 29,870 sq ft, both with unrestricted B8/B2 use class and a Gross Development Value (GDV) of £23m. The four-acre site is in a prime location, fronting the A4 Bath Road and with outstanding road and rail links to Greater London, the South East, South West and Midlands. Kingsbridge’s advisors in the transaction were Hatch Real Estate and Gowling WLG (UK) LLP. LSH and Freeths LLP acted for the vendor.

The site at Cross Oak Lane, Horley, North Gatwick, also four acres, has planning permission for a high-quality industrial and logistics scheme set to deliver £30m GDV. It benefits from consent granted by Reigate & Banstead Borough Council for the construction of two industrial units comprising 56,959 sq ft and 30,793 sq ft. Demolition works are complete, pre-commencement conditions have been discharged, and Kingsbridge intends to bring forward the approved scheme with minor amendments. The start of on-site works is targeted for June, with practical completion expected in the first quarter of 2027. Wilten Construction has been appointed as the main contractor, continuing a partnership with Kingsbridge that has delivered projects including a logistics scheme at Ferne Park in Fareham, Hampshire, and one under construction at Sopers Lane in Poole, Dorset. Kingsbridge’s advisors in the transaction were LSH and Freeths LLP. Tudor Real Estate and Greenberg Traurig LLP acted for the vendor.

Reflecting Kingsbridge’s commitment to sustainability, the units will be delivered with a host of green credentials, including a target BREEAM rating of ‘Excellent’ and an EPC A energy performance rating, and offering solar panels and electric vehicle charging points.

Greg Lukasiewicz, Investment Director at Kingsbridge, said: “Kingsbridge’s acquisition of these two key industrial sites, both with planning in place, reflect our commitment to delivering high-quality, sustainable developments that support the prosperity of the south, create jobs, and meet the needs of employers. We are looking forward to getting started on both sites as soon as possible and to delivering both schemes in 2027.”

For more information about these and other Kingsbridge projects, click here.