Charterhouse Property Group is pleased to announce the purchase of 58 acres of strategic land incorporating 2 acres of open storage – located off Whaddon Road, Newton Longville, Milton Keynes.
The circa 2-acre open storage element of the property provides the potential to capture rental reversion and asset repositioning in this maturing attractive sector.
The wider site presents a medium-term planning promotion opportunity to deliver a mix of both much-needed new housing and further open storage and employment space.
Commenting on the deal Michael Holt, CEO, said:
“This acquisition represents a coming together of two key investment themes in open storage and strategic land, which draws on the wider group’s expertise at executing strategies across the property lifecycle.”
Charterhouse is seeking similar investment opportunities. So, if you have a proposition you would like to discuss please get in touch at mail@charterh.co.uk
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