Woodside, Dunstable
- Property acquired in January 2003 at a price of £98.6 million (including costs) from a joint venture comprising Brixton Plc and Equitable Life Assurance Society
- Acquired by a special purpose vehicle established by Moorfield Group, Uberior Investments Plc (a subsidiary of Bank of Scotland) and Westbrook Partners
- Senior debt facility of £76 million provided by Bank of Scotland Corporate Banking
- Estate comprising some 1,600,000 sq ft of distribution/industrial accommodation on a 100-acre site, making it one of the most significant unbroken Estates in the South East of England
- Further adjacent development sites of around 10 acres were included
- The Estate had some 365,000 sq ft of vacant accommodation together with numerous opportunities for active management enhancement, thereby offering both immediate and longer term potential to increase the income and capital return
- Complete re-branding of the park successfully implemented
- The management of the estate was improved with the provision of on site management, security and installation of high quality CCTV, along with improved signage and landscaping
- Development undertaken of 17,000 sq ft of distribution and warehouse unit for Interlink PLC, part of a design and build pre-let agreement
- Completed transactions post acquisition amounted to in excess of 150,000 sq ft of new lettings and lease renewals, and included the accommodating of existing tenants expansion plans such as Bernard Matthews
- Sold to Slough Estates PLC in June 2005, together with Heywood Distribution Park