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The South West Sun reaches peak over solstice park


Development of the 160 acre business park alongside the A303 at Amesbury, Wiltshire, which became known as Solstice Park and commenced back in 2003. Multi-million pound investment created the park with a new junction onto the A303, massive land re- profiling and construction, with road infrastructure followed.


The development of the Solstice Services including hotel, petrol station, convenience store, multiple drive-thru and restaurant offers including MacDonalds, KFC, Costa were completed in the early stages and the development of the Beacon Centre business units were completed in 2005.


The scheme attracted Muller, (formerly Wiseman Dairies) for their regional distribution centre of 60,000 sq ft on 10 acres, with their familiar Fresian patterned lorries.


Hillview Real Estate acquires prime Swindon office building for £8.5m


Hillview Real Estate acquires a prime office building in one of the biggest deals in central Swindon for many years, advised by Hartnell Taylor Cook.


The Hillview Group, an independent Merchant Bank and alternative Asset Manager has acquired the freehold interest of Station Square, a modern four storey office building totalling 47,742 sq ft, prominently located on Gloucester Street, in the centre of Swindon.


The offices have been extensively refurbished and let to six tenants including Prepay Technologies Ltd, Arthur J Gallagher (UK) Ltd, Amey OWR Ltd and Reed Specialist Recruitment Ltd, generating an annual income of £711,153 per annum.


The freehold interest has been purchased for £8.5 m, reflecting a net initial yield of 7.84% and the acquisition is on behalf of Hillview Partners Property Fund II, which focuses on well-located, regional offices with active asset management opportunities.


Hartnell Taylor Cook advised the purchasers and their Property Management and Facilities Management teams have been appointed to manage the premises. Cushman & Wakefield and Savills advised the vendors, Clients of Greenbank Real Estate.


Greggs invested in a site of over 4 acres for the future development of an 80,000 sq ft bakery facility.


The sun disappeared behind a cloud in 2008, but re-emerged with the development of the massive 750,000 sq ft regional distribution centre for Home Bargains (T J Morris). This put Solstice Park firmly on the map as a distribution location.


2018 saw further success with the development of The Bluestone Centre. On a site of just over 3.5 acres, speculative development by Nationwide Engineering of 36 business units has been completed. All of the units have been sold or let.


Notable success was the attraction to the site of Screwfix taking 5250 sq ft and Howden Joinery taking 9,700 sq ft in units overlooking Solstice Services and the A303. This shows the strength of the location has now developed.


In addition to The Bluestone Centre, Nationwide Engineering completed on a 25,000 sq ft design and build production and distribution warehouse for Birchall Teas and a 5500 sq ft specialist MOT centre for Express Autoworks.


We were delighted to facilitate the growth expansion of these two firms, bringing together the design and build package and land sales.


2019 sees a new dawn for Amesbury Distribution Park. Situated immediately to the west of Solstice Park, Amesbury Distribution Park was acquired by Paloma Capital in late 2017 and work started in 2018 on a major refurbishment of the site.


Extending to over 250,000 sq ft, the site, which was historically home to the Naafi, has great access onto the A303 and offers warehouse and distribution space with dock level loading and 6 metres clear eaves height.


Paloma’s multi million pound investment will include a complete new roof across the site and rationalisation of the existing units to provide new space, ranging from 20,000 to 200,000 sq ft.


Myddelton & Major are delighted to have been retained alongside Savills in marketing the space, which will be ready for occupation in Spring 2019, when the new marketing of Amesbury Distribution Park will be formally launched.


Industrial has been a flavour of the market for the last year and it is anticipated that that will continue through 2019, despite the Brexit uncertainties. Occupiers large and small have been found for these recent developments, which continue to attract strong interest from owner occupiers, tenants and investors.


50 COMMERCIAL PROPERTY MONTHLY 2019


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