News

Aberdeen Standard sells Castle Park Cambridge to Brydell Partners for £63 million.

6th September 2021

Aberdeen Standard Investments, acting on behalf of Phoenix Life Limited, has completed the sale of Castle Park, Cambridge to Brydell Partners.

Castle Park extends to 122,000 sq ft, across 9 buildings and is let to tenants that include Tees Law, Amazon, Oracle Global Services Limited and Newable Office Space.

Aberdeen has undertaken a phased refurbishment programme of four buildings in the park, with a further property currently stripped out with planning permission to extend the building.

The sale price was £63,000,000.

The vendor was represented by MP Real Estate and the purchaser by Fineman Ross.


Alua sells Ipswich industrial investment to CIFCO

26th May 2021

Alua Property Partnership LLP has completed the sale of Units 2-5 Cavendish Street, Ipswich to CIFCO Capital Limited.

CIFCO Capital Limited is the commercial property investment vehicle for Babergh and Mid-Suffolk District Councils.

Tenants on the estate include Screwfix and Ipswich Clutch Centre.

Alua Property Partnership LLP was advised by MP Real Estate and CIFCO by JLL.


Clare College completes mixed use graduate and private rented Cambridge development

11th May 2021

Clare College has completed the redevelopment of the St Regis site on Chesterton Road to provide the college with 85 student rooms, 15 studio apartments and 14 one and two bed flats fronting onto Hamilton Road, Cambridge.

The striking buildings provide modern graduate accommodation for the College and an income from the 14 flats on Hamilton Road.

MP Real Estate acted for Clare College in evaluating the options for the site, appointing and co-ordinating the delivery team and securing planning permission.


Newmarket care home site sold to Anchor

5th April 2021

Aldi have sold 2 acres of surplus land adjacent to their proposed new store in Newmarket to Anchor Lifestyle Developments Ltd.

The site is located on Exning Road on the edge of Newmarket town centre and next to the Newmarket Leisure Centre.

The new Aldi store is under construction and scheduled to open in Summer 2021.

Anchor will be delivering 69 residential extra care apartments in a 3 storey building along with 51 car parking spaces.

MP Real Estate acted for Aldi.


Joseph King sells Great Yarmouth recycling centre to EMR

15th March 2021

Joseph King Holdings has sold South Quay, Great Yarmouth to European Metal Recycling Limited (EMR).

The sale forms part of the asset management strategy of the group as it looks to recycle funds into more modern assets.

MP Real Estate is retained by Joseph King to asset manage the portfolio and secure new investment opportunities.

Joseph King Holdings was advised by MP Real Estate.


New Southern Police Station for Cambridgeshire approved by planners

11th March 2021

Cambridgeshire Constabulary has been granted planning for the development of the new Cambridgeshire South Police Station by South Cambridgeshire District Council.

The new police station in Milton will replace the existing facility at Parkside in Cambridge.

Area Commander for the south of Cambridgeshire, Superintendent James Sutherland said: “After a considerable planning and consultation process, we’re delighted to say that planning permission has now been granted.

"We are extremely excited about the new development and the opportunities it will provide us, including adequate cell provision, which will inevitably reduce travel and time costs allowing our officers to spend more time on patrol.

"We are grateful to everyone who has supported us with this project and we look forward to moving on to the construction phase of the project which we anticipate will start in December (2021) with a view to being operational in the summer of 2023."

MP Real Estate is advising the Cambridgeshire Constabulary.


Costa sign at Airport Business Park, Southend

5th February 2021

Costa have exchanged contracts for a new drive thru to be built at the entrance to the Airport Business Park in Southend. The Airport Business Park is being developed by Henry Boot Developments and Southend-on-Sea Borough Council with South East LEP as funding partner. Strategically positioned to provide quality business space accommodation adjacent to Europe’s fastest growing airport, the scheme will eventually provide up to 350,000 sq ft of commercial space on the 53 acre site. Airport Business Park benefits from roadside frontage to the B1013 Cherry Orchard Way, which connects to the A127 trunk roads to the north of the town. The Costa drive thru secured planning permission in January 2021 and construction is scheduled to begin later this Spring with an opening later this year. MP Real Estate acted for Costa Ltd. Kemsley LLP acted for Henry Boot Developments.

Aldi open in St Albans

14th January 2021

The new Aldi has opened in St Albans. Located on Griffith Way, opposite Sainsbury’s and adjacent to the Abbey View Retail Park and The Range, the scheme also provides a 46,313 sq ft unit for B&Q as well as a Costa Coffee drive thru. The Aldi store provides 18,567 sq ft and is their first in St Albans. Consolidated Property Group acquired the 7.1 acre site from National Grid and forward funded the development with LXi REIT. MP Real Estate acted for Aldi. CSP Retail acted for Consolidated Property Group.

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