News - Bucking the Trend
A trend-bucking deal has closed the lid on a major new headquarters building in Warwick.
(left to right) Paul Ludlow (Arnott Developments), Tom Bromwich (Bromwich Hardy), Andrew Wall (Wareing & Company), Mike Bracken (Sackville Properties) and Peter Wilson.
Bucking the Trend March 2009
Sackville Properties, the developer of Tournament Fields business park in the town, has completed the investment sale of the new landmark home of Geberit, a Swiss sanitary ware company which recently moved to the area.
The 12,500 sq ft, two-storey building, which is now home to around 30 staff, has been sold to local businessman Peter Wilson, in a £2.4 million deal.
Andrew Wall, of Wareing & Company, who acted for Sackville, said the transaction underlined that investment deals were still achievable despite the market.
He said: “Investors are still interested in quality buildings in the right location and this totally fits that bill.
“Tournament Fields is very close to the M40, is well located for Warwickshire and the West Midlands, while Sackville have maintained a quality approach to design and construction.
“Those factors combined with an internationally-renowned tenant, have made this a very attractive proposition.”
Sackville has attracted a host of companies to the adjacent Tournament Court where only four of the courtyards offices units remain available.
Coventry-based Bromwich Hardy acted for Mr Wilson in the purchase.
