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 拢350m (鈧�414m).
James Orr, head of industrial and logistics at Royal London Asset Management Property, said: the firm鈥檚 expansion in Abingdon Business Park 鈥渞einforces our commitment to fostering innovation and growth鈥�.
Orr added: 鈥淭he 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.
鈥淭his solidifies Abingdon Business Park鈥檚 reputation as a premier hub for research and development, benefitting both our business and the broader market.鈥�
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