Sale of 85,000 sq ft HQ building to Melburg Capital

Kirkby Diamond's industrial & logistics team has successfully secured the sale of a significant HQ for a global industrial company in Milton Keynes to Melburg Capital.
The property, on Chippenham Drive, occupies a site of more than four acres and is situated immediately adjacent to major logistics and distribution hub Magna Park.
Following completion, Melburg Capital has simultaneously restructured existing leases, totalling approximately 60,000 sq ft of occupied business space. 
The remaining circa 30,000 sq ft of high-quality logistics space as well as 5,000 sq ft of office suite/s will now be brought to market by Kirkby Diamond.

Paul Quy, partner and head of agency at Kirkby Diamond in Milton Keynes, said: “This was a highly strategic transaction involving a well-located logistics asset with strong underlying fundamentals. We are delighted to have advised our client on the sale and to have secured a purchaser of Melburg’s calibre, who bring a clear long-term vision for the asset.”

Jack Burgess, chief executive at Melburg Capital, said: “This acquisition aligns with our strategy of securing well-connected, operationally critical assets in established logistics locations. Milton Keynes remains a core market for us, underpinned by an acute supply-demand imbalance. Our work with best-in-class advisers such as Kirkby Diamond gives us additional confidence in bringing the vacant space to market.”

Eamon Kennedy, Head of industrial & logistics at Kirkby Diamond commented “We expect the remaining space to attract considerable occupier demand as Milton Keynes continues to cement its reputation as one of the UK’s most sought-after logistics locations. With supply remaining constrained and demand from both regional and national occupiers robust, the scheme presents a compelling opportunity for businesses looking to secure high-quality space.”

Handelsbanken provided a senior debt facility to support the acquisition, while Keystone Law and Freedman + Hilmi advised on legal matters. Newson Real Estate acted for Melburg Capital, with Kirkby Diamond - part of BTG Eddisons acting for the seller.

The transaction marks Melburg Capital’s fourth owner-occupier acquisition within a six-month period, reflecting the continued expansion of its supply chain infrastructure platform.