Regional investor Colmore Capital has acquired Wavendon Business Park in Milton Keynes from M&G.
The Birmingham-based business has acquired the 147,894 sq ft multi-let office, which was marketed with a guide price of £29m.
Wavendon Business Park (pictured) is let to tenants including Unisys, Boeing Defence and Securitas Security Services. It is located 15 minutes from Milton Keynes town centre, close to the M1.
Colmore Capital will refurbish the 39,500 sq ft Victory House after its lease expiry in April 2022.
David Corridan, founder at Colmore Capital, said: “Combined with its strategic position at the centre of the OxCam Arc growth corridor and proximity to the national road and rail networks, we believe that Wavendon Business Park provides a perfect opportunity to attract further inward investment to the area.”
Colmore Capital was advised by Savills and M&G was advised by M1.
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