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www.bradleystokejournal.co.uk
January 2017
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Business Two key deals signed for East Works site
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oint venture partners and commercial property developers and investors, St Francis Group and iSec have announced the signing of two key deals with prospective tenants at Horizon 38, the new mixed used development that is starting to take shape on the former RollsRoyce East Works site, south of Gipsy Patch Lane. In the first deal, detailed planning consent has been granted by South Gloucestershire Council for the development of a new 35,000 sq ft trade centre for Selco, a chain of trade-only builders merchants. The deal will see Selco take a 15-year lease at an undisclosed rent. Building work is set to begin in March and be completed by October 2017. Chris Cunliffe, CEO of Selco, commented: “Selco are pleased to confirm our deal with St Francis Group and iSec which will us open our second branch in Bristol. This is a great opportunity for Selco as we continue our expansion in the UK and strengthen our position in the Bristol marketplace. This opportunity will see more than 50 jobs created to support the local community and will also offer genuine career opportunities.” In the second deal, St Francis Group and iSec have confirmed a deal with Village Urban Resorts
for the development of a new 153-bedroom hotel occupying the prominent plot on the corner of the A38 and Gipsy Patch Lane. Work on the hotel is due to commence in August 2017, following completion of the internal site infrastructure works and estate road construction. The hotel is expected to be open by summer 2018. The new Village Hotel Club will deliver a business class hotel with a business and events HUB and a state-of-the-art health and fitness club including swimming pool, bar and restaurant. The new Village Hotel Club – which will create 100 new jobs – will act as a catalyst for the wider Horizon 38 scheme and represents an investment of £21m. Iain Stackhouse, head of property at Village Hotel Club, said: “We’re growing the Village Hotel Club network by investing into quality new locations and Horizon 38 will be our 30th site. With plans to double the size of our portfolio within the next 5 years, we’re targeting premier locations like this and building outstanding facilities with a premium business and leisure offer. Here we’ll be ideally placed to serve a significant and expanding catchment and play a key role in the successful build out of the Horizon 38 scheme.” Artist’s impressions Top: Selco builder merchants will be located close to Gipsy Patch Lane, opposite the Rolls-Royce offices. Left: Village Hotel Club will be located on the corner of Gipsy Patch Lane and the A38
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