Vancouver-based Epta Development Corporation (EDC) has acquired a 100-acre redevelopment property in the West of England.
The company has plans to transform the site in Severnside, South Gloucestershire (commonly known as Avlon Works) into a world-class logistics and distribution park, with land being development-ready by spring 2022.
EDC’s investment into the region follows business support from the West of England Combined Authority, through its inward investment arm, Invest Bristol & Bath, which is working closely with the company to support its ambitions.
West of England Metro Mayor Dan Norris said: “I’m pleased that the former manufacturing site will be getting a new lease of life which will bring more jobs and opportunities. This is a vote of confidence in the West of England as a place to do business.”
Minister for Investment Gerry Grimstone said: “It’s great that Canadian firm Epta Development Corporation have chosen to build their logistics and distribution park in South Gloucestershire, an extremely well-connected part of the South West where they will be able to grow and take advantage of all that the region has to offer.
“Their investment into the UK market will not only help boost capacity in our growing logistics sector, but also create jobs and economic growth that will level up the whole of the UK.”
Chris Tsakumis, Principal of EDC, said: ‘We couldn’t be more pleased that our first major investment in the UK is taking place in the South West with everything this region has to offer alongside the real-time occurring market growth for this asset class. As a foreign investor entering a market for the first time, there is always some initial trepidation and heartburn that ensues. Our experience on the ground, from the planning authority at South Gloucestershire Council to stakeholders such as the West of England Combined Authority and Invest Bristol & Bath to local business, has been extremely positive to date. This region offers a welcoming investment environment in many ways.”
The Avonmouth Severnside Enterprise Area is a popular strategic location for logistics operators due to its ease of access to the M49, M4, and M5 motorways. Several proposed infrastructure projects will help strengthen the area as an attractive and viable long-term location for future investment. These include the new M49 junction, increased rail services to Severn Beach Line and flood defence works.