Oaktree Capital Management and Hines have bought the Maxis office campus in Bracknell from administrators Grant Thornton for circa £20m.
Maxis is an eight-acre office campus, overlooking Farleymoor Lake, comprising two five-story, Grade A office buildings totalling 200,000 sq ft plus a site for a 79,000 sq ft office development.
Hines director Anthony Leonard said: “We are delighted to secure these attractive, highly specified buildings.
“Given the lack of new development starts in the Western Corridor market over the past five years, we have reached a point where there is a shortage of good-quality office buildings with large floor plates.
“In a market buoyed by improving occupier confidence and increased office market take-up, this scheme represents an opportunity for companies to secure flexible and efficient space at a rent which offers exceptional value.”
Oaktree senior vice president David Snelgrove added: “We are pleased to have partnered with Hines to acquire these high-quality office buildings, which will appeal to a broad range of occupiers looking for modern yet affordable office space.
“Oaktree will continue to be active in evaluating opportunities to acquire assets and/or loans collateralised by assets alongside best-of-breed operating partners such as Hines, both here in the UK and across continental Europe.”
nick.whitten@estatesgazette.com
