Aberdeen Asset Management And Exton Estates Acquire Chelmsford Britvic site

May 20, 2016

Aberdeen Asset Management and development partner Exton Estates have acquired the 11-acre former Britvic site in Westway, Chelmsford from Chelmsford City Council and plan to develop a 180,000 sq ft retail and business park.

Aberdeen and Exton plan to submit an outline planning application later this summer for a 50/50 split retail and business park with 90,000 sq ft of retail units, targeted at major food and furniture retailers, plus 90,000 sq ft of business/industrial units.

Subject to planning, it is envisaged that work will commence towards the end of the year, with the first units available in Autumn 2017.

Kerri Hunter, Fund Manager at Aberdeen Asset Management commented: “We are delighted to have secured this strategic site and appointed Exton Estates as our development partners. The supply/demand characteristics within Chelmsford are favourable for both retail and industrial, making it a good time to undertake the development. We will be creating a high quality investment let to major occupiers on long leases that will become a core hold for the fund.”

Stuart Bedford of Exton Estates added: “ This is a prime edge of city site that will prove ideal for big box retailers and warehouse/industrial occupiers given the excellent transport links.”

Exton Estates has a strong track record in development management and has successfully partnered with Aberdeen Asset Management on previous sites at Taplow and Stockley Park.

Griffiths Eccles and DTRE advised Aberdeen Asset Management and Exton Estates. JLL advised Britvic.


Latest News


July 2, 2024 - 08:51

Hanover Green has appointed Stuart Barron as a Partner in its Lease Advisory team. Barron joins the firm after spending 10 years at JLL and 7 years at CBRE prior to that, and specialises in providing [...]

+ Read More

Redevco strengthens leadership team with the appointment of Veronica Gallo-Alvarez as Head of Investment Management

June 24, 2024 - 09:55

  New CEO Neil Slater further strengthens Redevco’s leadership team with the appointment of Veronica Gallo-Alvarez as Head of Investment Management. This is the fourth key hire for Redevco in 2[...]

+ Read More

Haslams Score a Touchdown with Newest Hire

June 24, 2024 - 09:49

The largest independent Thames Valley surveying and commercial property firm Haslams Surveyors LLP has announced the appointment Tom Holwell as their newest Commercial Agency Surveyor. “Tom will pla[...]

+ Read More



+44 (0)20 7647 4420


Wren House, Garden Close Lane, Newbury RG14 6PR