Landlink Estates has sold the second phase of its business park in Bognor Regis, West Sussex for £13.35m.
Kier and PGIM’s logistics propco joint venture bought the 8.9-acre development, which forms part of the 17-acre Saltbox Business Park and comprises three “oven ready” development plots. CBRE acted on the deal.
In August last year, Knight Frank Investors paid £18.6m for phase one of the scheme. This is now fully operational and houses a Warburtons distribution facility, new Aldi food store and Starbucks and Greggs drive throughs.
The site falls within Enterprise Bognor Regis, a 70-hectare commercial and employment development opportunity on the northern edge of the West Sussex town.
Landlink Estates is a privately owned property development company and part of the family-owned farming to property Langmead Group
Paul Hanson, CEO of Landlink said: “The demand for industrial and warehouse space has never been higher and we have taken advantage of this growing demand for quality warehousing and logistics facilities to secure a very good sale. We will be reinvesting the proceeds to add value to our extensive land and property portfolio.”
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