Press Releases
- 2012
- Moorfield complete on former Print Works site in Exeter to build 487 bed student accommodation scheme - 20 Jan 2012
- Moorfield acquires Salisbury House, Finsbury Circus, EC2 - 20 Jan 2012
- Brindleyplace continues to invest in its facilities through new car park contract - 9 Jan 2012
- Moorfield Acquires Salisbury House, Finsbury Circus EC2 - 6 Jan 2012
- 2011
- Moorfield and Segro announce the acquisition of the UK Logistics Fund - 19 Dec 2011
- Moorfield acquires The Towers, Didsbury from Wereldhave - 18 Nov 2011
- Skypark one year on – With new lettings and lease renewals totalling over 146,000sq ft and the first phase of the multi-million pound refurbishment underway – Skypark is a hive of activity - 10 Nov 2011
- Top UK businesses choose West Riding House - 7 Oct 2011
- Moorfield announces £35m acquisition of Primark Distribution Centre - 29 Sep 2011
- Moorfield exits The Capital Pub Company Plc - 26 Sep 2011
- Debenhams to anchor Cornmill extension - 29 Jul 2011
- Newly refurbished office space released to market at Four Brindleyplace - 30 Jun 2011
- Moorfield and Safeland move in on hostel market - 19 Apr 2011
- Moorfield launch the White Knight Partnership - 6 Apr 2011
- The Glasgow School of Art sculpts its future at Skypark - 30 Mar 2011
- Moorfield secures iconic West Riding House in Leeds - 9 Feb 2011
- 2010
- Moorfield sell Mallard House to National Instruments at Newbury Business Park - 30 Dec 2010
- Moorfield buys in Darlington to allow for the Cornmill Shopping Centre expansion - 4 Oct 2010
- Grainger and Moorfield announce formation of Sovereign Reversions Equity Release Joint Venture - 23 Aug 2010
- Moorfield venture further into Yorkshire and Humber with Holbeck Land - 28 Jul 2010
- Brindleyplace acquisition completed by Hines Global REIT and Moorfield - 23 Jul 2010
- Moorfield and Hines Global REIT invest in Brindleyplace, UK - 1 Jul 2010
- Next Step for Cornmill Shopping Centre - 26 Jan 2010
- Moorfield and PAG launch north west property JV - 15 Jan 2010
- 2009
- Audley acquires Wiltshire’s White Horse Care Agency - 23 Jun 2009
- The Ridings celebrates completion of multi million pound refurbishment works - 13 Feb 2009
- Moorfield announces £30m sale and leaseback deal with Mitchells & Butlers - 7 Feb 2009
- Moorfield, Plus Shops and KLM to launch new retail venture - 27 Jan 2009
- 2008
- 2007
- New dock facility for Westway as commercial traffic returns to river cart - 10 Sep 2007
- Cornmill Shopping Centre Extended in £8.4m Deal - 25 Jun 2007
- Moorfield Real Estate Fund awards hotel contract to Accor - 20 Mar 2007
- Second Moorfield fund closes with £1. 6 bn of buying power - 8 Feb 2007
- Moorfield Real Estate Fund acquires 24 Macdonald hotels - 26 Jan 2007
- MREF Buys Cornmill Shopping Centre, Darlington - 5 Jan 2007
Slough Estates completes £276m purchase of holding entities owning UK Industrial Parks
Slough Estates Plc, a leading provider of flexible business space, today announces the off-market purchase of holding entities owning two major multi-let estates, Woodside Industrial Estate in Dunstable and Heywood Distribution Park in Manchester, from WB Woodside II, L.P. and WB Heywood L.P. (two limited partnerships managed by Moorfield Investment Management Limited a subsidiary of Moorfield Group Limited) for £276 million in cash, using Slough’s existing banking facilities.
Woodside and Heywood are two of the largest industrial parks in the UK. Together the two sites contain 4.0m sq. ft. of prime industrial property, providing a combined contracted rental income of approximately £16.5 million per annum, and over 28 acres of further development land.
Marc Gilbard, Managing Director of Moorfield Group said: “Our relationship with Slough Estates has allowed us to undertake an off-market transaction that is in the best interests of both parties. It brings a conclusion to two of the three successful joint ventures between Moorfield Group and Westbrook Partners and allows Moorfield to focus more time on its recently raised real estate fund”.
Ian Coull, Chief Executive of Slough Estates commented: “I am delighted to announce the addition of the Woodside and Heywood estates, which is in line with our strategy of focusing on industrial property to provide flexible business space for our customers. The purchase was agreed off-market which was an effective way to add such significant assets to our industrial portfolio. In particular, Woodside strengthens our presence in our North London and East of England region and Heywood opens up a new opportunity for a Northern region for Slough Estates. Following this transaction, Slough Estates now owns five of the largest industrial estates in the UK including the Slough Trading Estate, Winnersh and Kings Norton, reinforcing our position as the largest industrial property company in the UK.”
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