A corporate pension fund client of Savills Investment Management has sold the freehold of a 190,714 sq ft warehouse at Didcot Quarter in Didcot, Oxfordshire, to Allmakes PR2 4X4 for £26.5m.
DQ190 unit is the last available unit at Didcot Quarter and it will be occupied by Allmakes PR2 4X4 – an independent wholesaler of parts and accessories for Jaguar and Land Rover vehicles.
Lucy Winterburn, director of investment at Savills Investment Management, said: “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 circa 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.”
Toby Green, head of industrial and logistics for London and the South East at Savills, added: “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.”
