Deal News: AXA IM Alts sviluppa una high tech manufacturing facility a Bristol

AXA IM Alts, a global leader in alternative investments with c. €157 billion of assets under management (1), 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 December 2020

Source : Company