All the news from Keningtons.
Acting on behalf of Dolby Properties, Keningtons are pleased to announce that they have sold Plot 3 at Interface Business Park to White Pennant Ltd, the holding company of rapidly expanding firm Neptune.
The 3.34 acre site is the last undeveloped plot at Interface and White Pennant have purchased to develop for their own occupation.
Jeremy Sutton of Keningtons comments “Dolby who have been major occupiers at Interface for a number of years and still occupy some 18,000 sq ft in Portland House made a strategic purchase of Plot 3 a number of years ago but the site become surplus to requirements following a review of their worldwide property portfolio”.
Giles Redman , Managing Director of Neptune adds “ The site at Interface is ideal for our continuing expansion and was the closest available freehold site to our exiting premises at Blagrove, just the other side of J16 of the M4. We will be submitting a detailed planning application in due course”.
Acting on behalf of the Drove Veterinary practice, Keningtons are pleased to announce that they have taken a new lease on 5 Borough Fields, the main shopping centre in Royal Wootton Bassett.
Jeremy Sutton, Partner at Keningtons comments “ Drove have been looking for some time to relocate their Wootton Bassett Practice to a more central location and you cannot get much more central than a facility in Borough Fields, adjacent to Peacocks and opposite the TSB. The 500 sq ft property has been taken on a new 10 year lease with 5th year break option.”
Lynne Gaskarth, Partner at Drove adds “We will now be undertaking our fit out to provide the consulting room, operating and shop area, and plan to open the new practice in March 2017.”
Keningtons LLP represented Drove Veterinary Hospital and Hartnell Taylor Cook acted for the landlords at Borough Fields, Sainsbury’s Supermarkets Ltd.
Acting on behalf of DBH Chartered Certified Accountants, Keningtons have sold the long leasehold interest of unit 17 Dorcan Business Village, a 1,095 sq ft office building to South West PAT Test Ltd.
Andrew Ponting, Partner at DBH Accountants who remain in occupation of the adjoining unit 16 comments “The property was offered to the market earlier in the year and Keningtons quickly identified and agreed terms with South West PAT Test”
Peter McCallum MD of South West PAT Test Limited adds “As soon as we saw this property we knew it would be ideal for our business and the fact that it could be purchased was a bonus. There aren’t too many small self contained offices of around 1000 sq ft that are available to purchase”.
Keningtons value latest Fund acquisition in London SE1 comprising ground rent block of 92 residential and 5 commercial units. Portfolio now stands at 15 buildings.
Fund returned +1.53% in September 2016 bringing total performance for the first nine months of year to +8.30%.
Acting on behalf of The Pets at Home Vets Group, Keningtons have advised on the acquisition of Isambard House which is the largest Swindon office transaction in 2016. The successful and growing group is relocating it's central support office from Wantage and bringing some 200 colleagues to the town.
Isambard House at Churchward provides over 17,000 sq ft and is steeped in history being one of the first railway buildings constructed in Swindon by Isambard Kingdom Brunel.
Churchward is situated adjacent to the Outlet Village and is a popular office location having attracted other major office occupiers including The National Trust, English Heritage and more recently accountants RSM.
Jeremy Sutton, Partner in the Swindon office comments "This is a significant office relocation into Swindon and it was a pleasure assisting The Vets at Home Group with their acquisition”.
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