Deal News: AXA IM Alts agrees forward funding for 107,660 sq ft Bristol development
AXA IM Alts, a global leader in alternative investments with c. €157 billion of assets under management1, has signed a £20.6 million 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.
(1) Source: AXA IM Alts unaudited data, as of 31 December 2021
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