Chancerygate and Bridges Fund Management have sold Harlequin Business Park in Hayes, West London, to Ableprop for an undisclosed price.
The 90,000 sq ft sustainable urban logistics development comprises nine leasehold units ranging from 5,100 sq ft to 39,700 sq ft.
The scheme, which is situated on Southall Lane near the established Beaver Industrial Estate, International Trading Estate and Western International Market, achieved practical completion in early August this year.
Harlequin Business Park has achieved EPC A+ and BREEAM Excellent ratings and all the units feature air-source heat pumps and solar panels on their roofs.
Tom Faulkner, development director at Chancerygate, said: “Harlequin Business Park will meet the growing demand from occupiers in the West and Greater London area for flexibly sized, high specification accommodation with strong sustainability credentials. Its strategic positioning near established industrial locations and key infrastructure connectivity enables occupiers to serve markets easily throughout the locality and the wider South East region. The sale of Harlequin Business Park to Ableprop also evidences how our product’s characteristics and strategic positioning is attractive to both investors and occupiers.”
Henry Pepper, partner at Bridges, added: “The sale of Harlequin Business Park reflects the strong demand for best-in-class, sustainable industrial units that can help occupiers reduce costs and cut emissions. This EPC A+, BREEAM Excellent development, with its outstanding low-carbon design and environmental performance, is another great example of Bridges and Chancerygate’s ability to identify great sites and deliver best-in-class developments that are attractive to occupiers and onward investors.”
