Latest Manor Royal Press Releases
Virgin's 'The Base' in Manor Royal bought by Marchmont
Virgin's former training facility has been sold subject to a short-term leaseback. This prime Manor Royal site on Fleming Way will be redeveloped to provide up to 225,000 sq ft of logistics space.
Cameron Fraser, Director at Marchmont, said: "We are delighted to have completed on the purchase of this prime development opportunity as part of our strategic drive with Pictet to build a £200m+ portfolio of core UK logistics assets. We see Crawley as a key South East market with an under-supply of Grade A quality mid-box units. Marchmont has been very active in the urban industrial space to date and we view this programmatic partnership with Pictet as the next exciting step in the evolution of our business. Pictet shares our conviction of the fundamentals of this strategy and to partner with an investor of this pedigree is a great partnership."
The site has a long and fascinating history, from a field, to pharmaceuticals, planes, films and now towards new era. Read a history of the site here.