AXA IM Alts has signed a €24m (£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 107,660ft² 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.
