Newbury Business Park - March 2005
Located 2 miles from Newbury city centre, this 17.3 acres investment opportunity was acquired in March 2005 by a limited partnership established by Moorfield Group.
The Park has 260,000 square feet of office accommodation with units ranging from 4,000 sq ft to 60,000 square feet. Occupiers include Vodafone, Coors Brewers Ltd, Enterasys Networks UK Ltd, Euroquipment Ltd and Mentor Graphics.
Since acquisition, the Park has been re-branded and refurbished and Rivergate House and five other buildings totally c 110,000 sq ft were sold in 2005 and 2006.
We also have detailed planning consent for a substantial development of up to approx 18,000 sqft with permission for B1 use (i.e. offices, research and development and light industrial).
We continue to actively asset manage the remaining 150,000 sq ft.