A Corporate Pension Fund client of Savills Investment Management, advised jointly by Savills and CBRE, has sold the freehold of the last available warehouse unit at Didcot Quarter in Didcot, Oxfordshire to Allmakes PR2 4X4 Ltd for £26.5 million.
DQ190 comprises 190,714 sq ft of top quality warehouse space, which will be occupied in full by the independent wholesaler of parts and accessories for Jaguar and Land Rover vehicles.
This latest activity follows a deal to Simon Hegele, with the provider of customised logistics solutions agreeing to a new 10-year lease for DQ120, and an acquisition by CloudHQ of 39 acres of land for the development of a 831,000 sq ft data centre campus.
Toby Green, head of industrial & logistics for London and the South East at Savills, comments: “Situated in a prime strategic location with excellent access to the A34, Didcot Quarter provides premium, highly sustainable warehouse accommodation making it ideal for all of the businesses operating from the scheme. It is testament to its strong ESG credentials and unique design that we were able to complete the final deal, meaning Didcot Quarter is now fully occupied.”
Lucy Winterburn, director of investment at Savills Investment Management, adds: “We are delighted to have secured an occupier for DQ190 with the help of our joint agents, CBRE and Savills. Following the original acquisition in 2011, we have successfully navigated an extensive planning, design, and procurement process, including the agreement of a part land sale, to speculatively develop out Didcot Quarter and deliver two BREEAM Excellent distribution warehouses totalling c. 310,000 sq ft. We are extremely proud of the outcome, with the sale of DQ190 neatly rounding off our business plan for the development.”
