Investec Realis has partnered with Wrenbridge to acquire a three-acre industrial development site in Cambridge for an undisclosed price.
The site will comprise a series of flexible industrial units providing 80,0000 sq ft of space designed to accommodate a range of occupiers, including manufacturing, logistics, R&D, laboratory and office uses.
The proposed scheme, which has a GDV of circa £50m, currently comprises four units, which can be combined to create a larger single building depending on occupier requirements.
Tom Punch, investment director at Investec Realis, said: “The strength of Cambridge’s long-term economic and demographic drivers makes it one of the UK’s most attractive investment markets. We’re pleased to be partnering with Wrenbridge once again on a high-conviction acquisition.”
Harry Gibson, development director at Wrenbridge, added: “Cambridge continues to be one of the most attractive markets in the UK for innovation and growing businesses. It’s great to be delivering another deal in partnership with Investec, taking our combined investment to circa £150m. This latest acquisition allows us to bring forward high quality, flexible space capable of supporting a wide range of occupiers in the north Cambridge cluster.”
