Kingsbridge has acquired a mixed-use property on a 2.5-acre site in Bedfordshire, securing immediate income and creating scope for longer-term redevelopment.
The company purchased Regent House on Woburn Industrial Estate in Bedford, a 38,512 sq ft office and production building set on 2.53 acres. The investment is expected to generate around £469,000 a year in rental income.
The property is fully let to four occupiers. Kingsbridge said the acquisition reflects a net initial yield of 11% and a capital value of £104 per sq ft.
“We’re delighted to add this strategic investment to the Kingsbridge portfolio,” said Greg Lukasiewicz, investment director at Kingsbridge. “This acquisition is in line with one of our core investment themes of acquiring income-producing assets that have the potential for redevelopment in the longer term. This asset provides us with the ability to provide our award-winning landlord service to the existing occupiers while building a future development pipeline.”
The site sits within the Oxford-Cambridge High Tech Arc, positioned at the junction of the A421 and A6. It is also directly opposite a 476-acre site proposed for development as a theme park by Universal Destinations & Experiences Ltd.
Kingsbridge worked with several advisers on the transaction:
Freeths
Anthony Friedman of Parkdales
The vendor was advised by BCM Chartered Surveyors.
The acquisition strengthens Kingsbridge’s focus on assets that combine stable income with future development potential, particularly in locations benefiting from large-scale infrastructure and regeneration proposals.
