8 acre site for new development acquired by the 2015 Fund with development partner Goya Developments in December 2015. Acquired with the intention of speculatively developing 150,000 sq ft of industrial warehousing in 4 separate units, taking advantage of the supply/demand imbalance within the local occupational market due to the lack of high quality, new build stock in the Cambridge area.
The land and buildings were forward sold to The Prudential Life Assurance c/o M&G in July 2017. M&G purchased the land for £5.15m.
Terms have been agreed on Unit 3 (36,000 sq ft) for a 15 year term and the agents will continue to market the rest of the units.
Please visit the exclusive website www.buckingwaybp.co.uk for further information.