AXA IM Alts has signed a £20.6m forward funding agreement, on behalf of clients, to develop a pre-let, high tech manufacturing facility at Central Approach, Bristol. It has acquired the site from Trebor Developments and Hillwood.
The 107,660 sq ft facility is fully pre-let to leading manufacturing and research firm Oxford Instruments on a 20-year lease, and is due to complete in March 2022.
The property will serve as a state-of-the-art new manufacturing and office HQ for Oxford Instruments, and AXA IM Alts will look to develop the asset to achieve strong sustainability credentials including a BREEAM Very Good rating.
This post has originally been featured in Property Wire.