- Cambourne Business Park was purchased comprising three modern Grade A office buildings totalling 105,130 sq ft and 475 car spaces located eight miles west of Cambridge city centre, the United Kingdom’s main hub for technology and innovation R&D. Built in 1999, the buildings known as 1010, 1020 and 1030 were leased to well-known tenants during the course of the 10-year investment hold period since 2011: Regus, Convergys, Citrix, Carl Zeiss, Tyco, Biochrom and Premier Holidays.
- During the investment period, management along with the JV partner Alpha Real Trust managed to enhance both income and value through various asset management initiatives such as extending and securing leases to high quality tenants, refurbishing two out of the three buildings to Grade A standard and upgrading the asset’s institutional quality. Management successfully held the investment on behalf of clients for steady income and had secured optimal dividends to shareholders.
- Cambourne Business Park was sold to ‘Life Science REIT’, a real estate investment trust focused on UK life science properties. The investment was financed by NatWest.
Cambourne Business Park