LaSalle Investment Management (LIM) has bought the 40-acre Langstone Technology Park in Havant, Hampshire, for £54.25m a 7% initial yield.
The former IBM facility comprises a 640,000 sq ft multilet office and research park, plus 125,000 sq ft of development potential.
Langstone was advised by Cushman & Wakefield Healey & Baker; Strutt & Parker advised LaSalle.
References: EGi News 17/02/06
