Bridges Fund Management, the sustainability specialist and impact investor, and Equation Properties, a specialist developer, have announced the £30m-plus sale of Verda Park in Oxfordshire, Green Street News can reveal.

The buyer has not been disclosed, but Green Street News understands it to be Mapletree, the real estate arm of Singapore’s state investment fund.

The site comprises 12 units totalling 155,000 sq ft of warehouse space and is now fully let.

Bridges and Equation acquired the 7.5 acre site in 2020, with Green Street News revealing in 2023 that the park had been put on the market.

Verda Park has high sustainability standards, with EPC A+, BREEAM Excellent and True Zero Carbon in Operation certifications.

Henry Pepper, partner at Bridges Fund Management, said: “Verda Park is a great example of how our focus on creating best-in-class sustainable industrial buildings in great locations enables us to deliver assets that are highly attractive, both to corporate occupiers and to institutional investors. By redeveloping this vacant site, we are also supporting job creation and economic growth in the local area.”

Richard Batham-Read, managing director at Equation, added: “With the evident success of Harwell Science and Innovation Campus, and very limited supply, we were able to capitalise on the demand for smaller units of 8,000 square feet to 30,000 square feet, letting space to a diverse range of occupiers. This, coupled with the scheme’s strong sustainability credentials, has seen rents surpass £14 per square foot.”

Bridges declined to comment on pricing or the buyer’s identity.

Bridges and Equation were represented by Kimmre.

https://greenstreetnews.com/article/bridges-finds-buyer-for-30m-verda-park/