Wulff Capital Holdings has acquired 20.7-acre Monument Business Park in Chalgrove, Oxfordshire.
Carter Jonas, acting on behalf of vendor Jennings of Garsington, which has owned it since it was built in the 1970s, sold the established multi-let, mixed-use estate for an undisclosed sum.
The park, eight miles south east of Oxford, has 163,357 sq ft of commercial space, comprising 123,580 sq ft of industrial accommodation, 37,774 sq ft of offices, 2.5 acres of open storage and seven residential units. It also has 2.83 acres of development land.
The site has undergone significant improvements and extensions over the years and boasts an average length of occupation of 14.9 years, with several tenants having been part of the community for more than three decades.
David Revill of Wulff Capital Holdings, said: “We are delighted to have secured this asset. It fits into our investment strategy very well, as it affords ample opportunities for positive asset management, and planning/development opportunities. It was a pleasure dealing with Carter Jonas and the Jennings family during the acquisition process.”
Jon Silversides, partner, commercial for Carter Jonas (Oxford), said: ” This transaction underscores the appeal of commercial developments such as this in Oxfordshire and the confidence that investors have in the region’s potential for long-term growth.
“The park provides Wulff Capital Holdings with an excellent opportunity to further enhance and build upon the site’s longstanding legacy while providing a conducive environment for its existing and future occupants to prosper.”
Freeths LLP advised Jennings of Garsington and Harrison Clark Rickerbys advised the buyer.
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