Pigeon has announced the acquisition of Twinwoods Business Park near Bedford.

The multi-disciplinary property business  has bought the 165-acre park, which is let to more than 20 tenants including the Secretary of State, Red Bull Racing, and many industrial and engineering businesses.

There is also vacant land development potential and Pigeon intends to bring forward an investment and development programme across a range of uses including large-scale open storage.

The 1950s-built park was initially a wind tunnel testing centre operated by the Royal Aircraft Establishment but since the 1990s it has been let to a diverse range of businesses.

Ben Guest, director –investment for Pigeon said: “We are thrilled to announce the acquisition of Twinwoods Business Park and are excited about the opportunities it presents for us, our stakeholders, and our customers.

“We intend to make a significant investment in the park, enhancing the property to ensure it meets the needs of existing and new customers.

“The initial focus will be on the industrial open storage sector, and we are talking to numerous tenants about delivering storage solutions of scale.

“However other sectors such as manufacturing, recycling, film studios, and renewable energy are also being considered.”

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