December 3rd, 2018

St Francis announces leading car supermarket as latest occupier to come to Horizon 38.

Carshop, part of the Leicester-based Sytner Group, becomes the sixth occupier to sign to date on the successful 60- acre development

St Francis Group, a leading UK-based property development and investment group and an expert in brownfield development and regeneration has today announced that it has signed an agreement with Carshop - part of the Leicester-based Sytner Group, to sell 7.3 acres of land at its successful Horizon 38 development in Bristol, a rapidly developing 60-acre business park which is one of the biggest mixed-use schemes of its kind in the UK.

Carshop are one of the UK’s biggest car supermarket businesses and have commenced construction of a new £15 million state-of-the-art sales and service retail operation which will be its sixth retail site developed to date and directly fronting the A38 in Filton, Bristol.

Opening in September 2019, the site will sit between Carshop existing stores its Cardiff and Swindon and is expected to create up to 80 new jobs.

Currently retailing over 30,000 vehicles annually, Carshop’s proposition will provide the car-buyers of Bristol and South Gloucestershire with a new way to shop for a used car, sell their old one and take advantage of competitive Service Centre rates all in one location.

Jonathan Dunkley, CEO of the Sytner Car Supermarket Division, comments:

“We’re delighted to have commenced our move into Bristol, one that we’re extremely excited about, and something the whole team has high expectations for. The vibrancy and popularity of the growing city and surrounds presents a great opportunity for us to strengthen our position in the South West and offer car-buyers more choice and convenience when it comes to buying, selling and servicing their car.

“We have an ambitious five-year plan to allow us to better cater for customers’ car-buying needs right across the UK. Not only does this include the physical expansion of our store network, it involves significant investment into our digital proposition, ensuring we can deliver for our customers regardless as to whether they shop online, in-store or on the go.”

Horizon38 is a development being led by St Francis Group in a joint venture between with iSec. Speaking about the announcement, Gareth Williams, director at St Francis Group, said: “Having broken ground on this landmark mixed-use development in 2016 we have already made significant progress, both in terms of signing deals and some great buildings coming out of the ground.

The deal with CarShop follows commitment by leading firms such as Selco Builders Warehouse, Village Urban Resorts and Ceva Logistics. CarShop choosing Horizon38 further serves to underline the potential, and attraction of the location for a range of different uses and occupier requirements. This will be enhanced by the planned new access direct onto the A38.

“We also have Village Hotel and Leisure Club at Horizon 38 opening for business in December which will complement the employment uses at the scheme, and provide an excellent destination for the business community in the city.”

Paul Hobbs of GVA, joint agent with JLL at Horizon38 says, “With the development and completion of over 420,000 sq ft of brand new state-of-the-art logistics, trade counter, manufacturing and industrial space now immediately available, we have plugged an obvious gap in the market for buildings in a range of flexible sizes, all developed to a high specification.

“We are fielding a significant number of enquiries and expressions of interest in the newly available space, and expect to make further announcements shortly. Similar high-profile sites remain available fronting the A38, as the scheme takes shape.”

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Photo Caption (L to R) On site at Horizon38 as construction of a new CarShop starts, left to right, Paul Hobbs (GVA), Gareth Williams (St Francis Group), Byron Hammond (GVA)

About St Francis Group

St Francis Group is leading UK-based property development & investment group and an expert in brownfield development and regeneration.

Founded in 1973, it has established itself as an innovative owner, manager and developer of high quality commercial and residential property. With in-house financial resources and a dynamic management team, it adopts a highly successful approach to brownfield renewal with opportunistic acquisitions, joint ventures, asset management and where necessary, a longer term strategic approach.

St Francis Group’s development pipeline covers all market sectors but with a particular emphasis on commercial and residential brownfield opportunities. The Group is currently managing the delivery of remediation and infrastructure projects to create residential plots and in excess of 850,000 sq. ft. of commercial space to meet present day occupier requirements across its portfolio.

St Francis Group has access to a wide range of demolition, decommissioning, decontamination and remediation specialisms enabling it to manage risk extremely effectively and often to the benefit of sellers.

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For further information and media enquiries, please contact:

Nick Brown – MOMENTUS Group
T: +44(0)7590 076105