A joint venture (JV) between a Credit Suisse Asset Management Global Real Estate fund, Chancerygate and Hines has submitted plans to speculatively build a 350,000 sq ft business park in Bracknell, Berkshire. 

Network West will be an 18.75-acre site and the current planning application will see 24 units ranging from 3,500 sq ft to 43,000 sq ft built on the site, with the developers also able to accommodate larger bespoke units up to 350,000 sq ft. 

Greg Cooper, Hines UK director of industrial and logistics, said: “With excellent motorway links and the ability to serve such a large proportion of the population, Network West provides a fantastic opportunity for businesses looking to either expand or relocate their operations. 

“The site’s wider appeal to data centre users and film production companies, a number whom have already enquired about bespoke facilities, is another avenue we are exploring.” 

The development is being offered on both a leasehold and freehold basis and the new business park should help to reinforce Bracknell’s status as one of the UK’s emerging trading centres, it is already home to headquarter offices for major businesses including Vodafone, Fujitsu, Honda and Waitrose. 

Alastair King, Chancerygate head of development, said: “Our proposed development will be the largest we have built and reflects the confidence we have in the market for industrial and warehousing space, which is driven by particularly strong demand from potential occupiers in this region. 

“The fact that so many online retailers have taken up additional warehousing space over recent months to alter their supply chains has reduced supply.”