South East developer Jansons Property has acquired two business parks in the Thames Valley with a GDV of £100m, with a view to converting the sites into industrial space.
Jansons has purchased the 7.5-acre Kingsmead Business Park at High Wycombe, which currently offers 142,610 sq ft of office space, and The Boulevard in Bracknell, which comprises 86,398 sq ft of office space on an 8.1-acre site.
The developer intends to deliver 300,000 sq ft of prime industrial space on the sites and is actively seeking further opportunities to support its business strategy of acquiring and re-developing under-performing office sites for industrial and logistics use.
Andy Jansons, managing director of Jansons Property, said: “These acquisitions perfectly align with our strategy to transform underperforming office sites into thriving industrial spaces. As businesses in the South East seek to expand, we are continuing to see strong demand for prime industrial stock and are proud to be at the forefront of meeting this demand, with the associated social and economic benefits.”
