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Gloucestershire Business News

New investment for Cheltenham industrial estate

Vacant units are being refurbished on a Gloucestershire industrial estate ready for letting as part of an ambitious new investment programme.

Lansdown Industrial Estate in Cheltenham was acquired in June 2017 by Rockspring, on behalf of the Cheshire West & Chester Borough Council Pension Fund.

London-based Caisson Investment Management, the appointed Asset Managers, are currently coordinating a refurbishment programme of vacant units.

Bruton Knowles, BNP Paribas Real Estate, and Kurt Wyman Chartered Surveyors have been appointed as agents to let the vacant units.

Robert Smith (pictured right)  from Bruton Knowles' Gloucester office said: "This refurbishment is significant for Cheltenham and in particular the estate.

"It marks an upturn in fortunes for Lansdown, which has seen very little investment over the last 10 years. Caisson are very proactive, have ambitious plans to upgrade and refurbish existing units, and we along with the other agents are pleased to play a role in what will be an exciting future for the site."

He added: "Current availability ranges from 2,100 sq ft up to 100,000 sq ft, and given the lack of stock in the town we are anticipating high levels of interest. We will consider design and build opportunities."

Robert Brophy from BNP Paribas Real Estate Bristol office said: "The refurbishment of Lansdown Industrial Estate will not only give a new lease of life to the estate, but it will also benefit local businesses and the surrounding area. Caisson has a proven track record in implementing asset management plans to achieve this."

Dan Maynard, Asset Manager at Caisson, who is overseeing the project, said: "Lansdown Industrial Estate is the largest single industrial estate in central Cheltenham comprising 14 acres with 38 units over approximately 328,000 sq ft. We see it as a strategic asset with great future potential."

For more information visit www.brutonknowles.co.uk  or call 0845 200 6489.

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