Alberta Investment Management Corporation (AIMCo), on behalf of certain of its clients, and XLB Property (XLB) have completed the acquisition of Langstone Technology Park from Angelo Gordon and Trinity IM. The former IBM campus in Havant, Hampshire includes 480,000 square feet of offices, labs and data centre on approximately 40 acres. The investment in Langstone Technology Park presents a great opportunity to deliver a new vision for this landmark site, centred around R&D, clean tech, logistics and employment uses. We look forward to working with AIMCo again on this exciting new project.
The vendor was advised by ACRE Capital Real Estate and BCM. Savills advised the purchaser.