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.