Member Article

Cheshire business park up for sale

Birchwood Park in Cheshire has been made available by developers MEPC as part of a £400m sell off of three of its UK business parks.

The 123 acre-site near Warrington is home to 150 companies, varying from international brands to start-ups, which employ more than 5,000 people.

JLL Commercial Property has been appointed to market the three assets, which comprise Birchwood Park, Chineham Park in Basingstoke, and Hillington Park in Glasgow – a total 4m sq ft of mixed-use space, let to 510 tenants. The collective asking price is £400m.

MEPC is owned by Hermes Real Estate, and it is understood they are now keen to reinvest in specialist science parks.

Chris Taylor, chairman of MEPC and chief executive of Hermes Real Estate, said: “MEPC will focus on its remaining core assets and will continue to look for new development led opportunities, capitalising upon its proven ability to anticipate future occupational requirements, like its recent acquisition of Silverstone.

“The highly successful MEPC asset management platform, which is led by chief executive, James Dipple, could be utilised by the successful purchaser to manage the parks.”

This was posted in Bdaily's Members' News section by Simon Malia .