UK commercial property company Royal London Asset Management Property has added a 77,000sqft industrial scheme to its portfolio.
The company has invested an unspecified amount to buy the Eyston Way industrial scheme at Abingdon Business Park in Oxfordshire and secured planning permission for a 24,000sqft unit space.
It has also completed the refurbishment of a 54,000sqft building which is being leased to Oxford Nanopore Technologies.
Royal Asset Management has been busy in the UK industrial and logistics market. The company currently manages over 17m sqft of space and completed a series of deals earlier this year exceeding £350m (€414m).
James Orr, head of industrial and logistics at Royal London Asset Management Property, said: the firm’s expansion in Abingdon Business Park “reinforces our commitment to fostering innovation and growth”.
Orr added: “The refurbishment of a 54,000sqft building and the pre-let agreement with Oxford Nanopore Technologies, a leader in DNA sequencing technology, demonstrate our expertise in attracting and accommodating cutting-edge companies.
“This solidifies Abingdon Business Park’s reputation as a premier hub for research and development, benefitting both our business and the broader market.”
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