Sale of high-tech building at Tournament Fields, Warwick
CWC Group, through its subsidiary Sackville Developments Ltd, has sold a high quality property on its flagship Tournament Fields Business Park at J15 of the M40 motorway in a multi-million pound deal to a private pension fund.
The 15,000 sqft hybrid hi-tech building is let to Eagle Burgmann, a global company who produce custom built high quality industrial seals to UK clients as well as major multi-national petro-chemical companies. The sale created a lot of interest from purchasers as the lease has in excess of 10 years’ term with positive fixed rent reviews.
Paul Shanley, CWC Group Director commented “we are delighted to have concluded the sale of this unit whilst retaining excellent relations with Eagle Burgmann. During the last nine months we have been inundated with enquiries from occupiers wishing to locate at Tournament Fields and are currently developing 25,000 sqft of prestigious offices that will be ready for occupation in February 2017. We expect to conclude another deal during the next few weeks”.