en.Wedoany.com Reported - UK developer Kingsbridge has recently acquired two industrial land sites in Berkshire and Surrey, planning to advance industrial projects totaling 158,000 square feet with a combined Gross Development Value (GDV) of £50 million. Kingsbridge is headquartered in Chichester.
A four-acre industrial site on Colthrop Lane in Thatcham, Berkshire, is currently occupied by vacant 1980s office buildings. Kingsbridge has secured detailed planning permission from West Berkshire Council to demolish the existing structures and redevelop the site, constructing two standalone warehouses of 40,742 square feet and 29,870 square feet respectively, both for unrestricted B8/B2 use, with a total GDV of £23 million. The industrial land is adjacent to the A4 Bath Road. Kingsbridge was advised on this transaction by Hatch Real Estate and Gowling WLG, while the seller was represented by LSH and Freeths.
Another four-acre industrial site on Cross Oak Lane in Horley, near Gatwick, Surrey, has also received planning permission for industrial and logistics projects, with a total GDV of £30 million. The planning consent, approved by Reigate and Banstead Borough Council, allows for the construction of two industrial units measuring 56,959 square feet and 30,793 square feet. On-site construction is expected to commence in June, with practical completion targeted for the first quarter of 2027. Wilten Construction has been appointed as the main contractor. Kingsbridge was advised on this transaction by LSH and Freeths, while the seller was represented by Tudor Real Estate and Greenberg Traurig.
All units across both industrial sites will be developed with green credentials, including solar panels and electric vehicle charging points, targeting BREEAM Excellent and EPC A energy efficiency ratings. Kingsbridge Investment Director Greg Lukaszewicz stated that the acquisitions reflect the company's commitment to delivering high-quality, sustainable development projects.
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