Abingdon1
Projects

Abingdon Business Park

Client
Royal London Mutual Insurance Society
Size
415,000 sq ft
Value
£61.5m

Using Bidwells’ in-depth market research, we helped build a business plan to persuade Royal London to invest in the Park which forms part of the Oxfordshire science and technology market.

The purchase of the Park was completed off market for £61.5m from PATRIZIA, reflecting a net initial yield of 5.8%.

Bidwells smoothed the acquisition process for Royal London, working with their professional team, solicitors and asset managers to complete the due diligence and negotiate a way through issues that arose during the purchase process.

Financial and performance modelling was a key element of the acquisition process. The in-depth analysis minimised any risks and helped to fully optimise Royal London’s investment.

With the potential for government investment in the UK’s R&D sector and the buoyancy in the local market from industrial, office and R&D occupiers, Royal London has successfully leased up vacant space, grown rents, added value through active management and enjoyed significant capital growth during its ownership to date. 

Abingdon Business Park is a great acquisition for us and aligns with our investment strategy to acquire best-in-class multi-let commercial estates in locations with strong growth potential.
James Orr - Senior Fund Manager and Head of Industrial, Royal London Asset Management

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