News

Melburg, the privately owned real estate investment and development company announce the continued growth of their logistics platform with the off-market acquisition of the former Alanod HQ, Chippenham Drive, Milton Keynes. .

The transaction represents their fourth owner occupier acquisition within 6 month for the highly discreet investor as they continue to organically grow their supply chain infrastructure platform. The sale also marks the final step in the closure of the Alanod UK operation.

The property is located immediately adjacent to Magna Park, with prominent occupiers including Amazon, H&M, John Lewis & Partners and GXO and benefits from junctions 13 and 14 of the M1
being within a 5 minute drive.

The building was constructed in the early 2000’s and sits within a Freehold site that exceeds 4 acres, with yard depths of approx. 30 metres.

On acquisition Melburg simultaneously restructured three separate leases accounting for approximately 60,000 sq ft of occupied space.

They will now begin marketing the remaining c. 30,000 sq ft of prime logistics space benefitting from two roller shutters and a secure yard area, via their appointed agents Kirkby Diamond.

Handelsbanken provided a senior debt facility. Keystone Law and Freedman + Hilmi provided legal services.

Newson Real Estate acted for Melburg whilst Alanod were represented by Kirkby Diamond.

View Costar article here.

View BE News article here.