Barwood Capital has acquired a 2-acre freehold site in Stevenage from BlueBird Land, with plans to develop a £12 million speculative warehouse scheme. The site, located off Gunnels Wood Road and currently occupied by an obsolete office, benefits from existing planning consent and will be redeveloped to deliver a 36,000 sq ft industrial unit targeting a BREEAM Excellent rating. Practical completion is expected in the fourth quarter of 2026.

Barwood’s Investment Director highlighted the site’s strategic location and the company’s ambition to create a Grade A asset that meets strong environmental standards while addressing growing demand in an undersupplied market.

BlueBird Land originally acquired the site in January 2025, securing planning approval in July before completing the sale to Barwood Capital. The redevelopment will provide high-quality, sustainable logistics space to meet modern industrial requirements.

Both parties were supported by specialist advisors throughout the transaction. Barwood Capital and BlueBird Land were advised by DTRE, Forsters, Joiner Cummings, Adroit Real Estate Advisors, and Hill Dickinson.

This acquisition is part of Barwood Capital’s Growth Fund V, which aims to raise £50-60 million in equity for similar speculative industrial developments across the UK.