Milton Keynes

Bought for: £3.025m.
Sold for: £5.675m.
The Asset: Well-located multi-let office building constructed in the 1990’s


The business plan was to explore a refurbishment and leasing strategy. Rent reviews and lease renewals were secured, void space was refurbished and then re-let creating a strong WAULT of 6.9 years.

Rental levels also materially increased during the hold. Given the strength of the market in 2019 and the profile of the investment an exit was secured at nearly double the acquisition cost.

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01489 880100
1650 Parkway, Solent Business Park, Whiteley, PO15 7AH
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