Wulff Capital Holdings has acquired Monument Business Park in Chalgrove, Oxfordshire, from Jennings of Garsington for an undislosed price.
The multi-let, mixed-use estate offers 163,357 sq ft of commercial space, comprising 123,580 sq ft of industrial accommodation, 37,774 sq ft of offices, 2.5 acres of open storage, seven residential units and 2.83 acres of development land, spread across approximately 20.7 acres
The site, which has consistently maintained an occupancy level of more than 95%, is located eight miles south east of Oxford. It has been under the same ownership since it was built in the late 1970s and has undergone significant improvements and extensions over the years.
David Revill, from Wulff Capital Holdings, said: “We are delighted to have secured this asset. It fits into our investment strategy very well, as it affords ample opportunities for positive asset management, and planning/development opportunities. It was a pleasure dealing with Carter Jonas and the Jennings family during the acquisition process.”
Jon Silversides, partner, commercial, at Carter Jonas (Oxford), which represented Jennings of Garsington on the deal, added: “This transaction underscores the appeal of commercial developments such as this in Oxfordshire and the confidence that investors have in the region’s potential for long-term growth. The park provides Wulff Capital Holdings with an excellent opportunity to further enhance and build upon the site’s longstanding legacy while providing a conducive environment for its existing and future occupants to prosper.”
Freeths LLP advised Jennings of Garsington and Harrison Clark Rickerbys advised Wulff Capital Holdings.
