Location: Abingdon
Size: 464,395 sq ft
Type: Office/Industrial
Partner: Royal London Asset Management

abingdonbusinesspark.co.uk

Description

A 50 acre park providing 464,395 sq ft of office and industrial space with a 1.4 development site.

Business Plan Objectives

  • Continue to modernise the park through a phased refurbishment programme. A total of 275,000 sq. ft. has been refurbished with a further 85,000 sq. ft scheduled for 2022.
  • Drive rental growth and capitalise on the Oxfordshire/A34 knowledge corridor.
  • Reduce vacancy from 40% to 9% within 24 months of ownership.
  • Rebrand of park and central areas.
  • Construction of 50,000 sq. ft. high office content R&D units.
  • Establish the park as a recognised Life Science location with over 25% of occupants from the sector.
  • Reposition of office unit to create lab enabled space.