M&G Real Estate acquires Cambridge office buildings for industrial scheme

M&G has acquired two offices in Cambridge titled Prospect House and Carisbrooke Court, with plans to transform the offices into industrial and warehouse space, with several warehouses surrounding the properties. The assets total 52,053 sq ft and is based on the Buckingway Business Park in Cambridge.

The redevelopment will be led by Goya Developments.

Patrick Stanton, Head of Industrial at Bidwells, said: “It is not often that development sites come to the market in Cambridge. As a result, this opportunity attracted significant interest from a broad range of parties. The detailed planning consent secured by our client for a new industrial warehouse, and hi-tech facility laid the foundation for what a developer could achieve on this site.”