Kembrey Park, Swindon
- Property acquired in March 1999 for circa £40 million as part of structured purchase from Royal & Sun Alliance
- Prestigious and well established (but declining) business park providing high quality modern office, warehouse and light industrial accommodation totalling in excess of 700,000 sq ft
- Total site comprises over 55 acres including significant development land for further business, hotel and leisure opportunities
- Notable occupiers include National Semi-Conductors (UK) Ltd, Royal & SunAlliance, Thames Water, Jewson, The National Trust and Honda Trading
- Intensive asset management included significant lettings and lease renewals relating to over 150,000 sq ft
- Transactions concluded with large number of existing and new occupiers including The National Trust, Cellular Operations, Rowen Corporate Relocation, National Semi-Conductor, Equimedia and Honda Trading
- Implementation of planned maintenance and refurbishment programme for individual phases of park
- Over £1.5 million expended on enlarging and improving park by strategic land purchases and conclusion of negotiations with Local authority for the removal of major restrictive covenants effecting future development sites
- Planning obtained for mixed use Business and Leisure scheme of 120,000 sq ft on strategic 8-acre site to enhance frontage and entrance to park
- Long lease sold to Whitbread to develop a 50 bed Travel Inn Hotel and Brewsters family pub diner on 1.7 acres of this site as part of a structured agreement
- Negotiations advanced for the provision of a nursery providing a registration of up to 100 places
- 17,500 sq ft premises design and build agreement completed for Jewsons
- Long lease sold to Next Generation to provide major Health and Fitness facility on the 5 acre development site know as the Grove
- The 6 acre development site positioned at the centre of Kembrey Park was cleared of all redundant buildings and provides further opportunities for phased development to provide further business space
- Advanced discussions with a well established innovation centre operator to develop a new facility at Kembrey Park to accommodate and promote start up businesses and SME’s
- Improved amenities with a lease to O'Briens Irish Sandwich Bar, fully operational on site and proving a successful addition to the Park after its launch in November 2003
- Sold to Highcross Strategic Investors in March 2005 for £44 million excluding proceeds from Whitbread and New Generation lease sales