Developer Kingsbridge Estates Completes £7.45m Sales to Support Industrial Growth Strategy
Thursday 29 October 2020
Kingsbridge Estates has completed the sale of two prominent properties in transactions worth a total of £7.45m.
The Chichester-based property development company sold Parallel House, in Bath Road, Slough, for £6m to London-based Theori Housing Management.
In a separate deal, Kingsbridge completed the £1.45m sale of a Grade II* listed town centre retail unit at 40 North Street, Chichester, to a local investor. Kingsbridge had previously successfully gained planning consent to convert the building, currently let to Jack Wills and Handelsbanken, from retail to office use. Mark Minchell, Director of our Chichester office, acted as agent for Kingsbridge.
The sales support Kingsbridge Estates’ growth strategy of investment in industrial developments.
Chris Fry, CEO, Kingsbridge Estates, commented, 'these two significant transactions both came after we were successful in adding value to the assets through planning consent. Capital raised from these sales will be re-invested to support our strategic programme of growth through the development of high-quality industrial space across the South-East of England'.
For further information about the sale at 40 North Street in Chichester, visit the Kingsbridge Estates’ website here.
