Workman has been appointed by Tristan Capital Partners to provide property management services at Cody Technology Park in Farnborough, as reported by CoStar News.
Having provided technical and property management due diligence services during Tristan Capital’s acquisition of Cody Technology Park, Workman has now been instructed to provide ongoing property management services for the Park, following the completion of the purchase by Tristan’s European Property Investors Special Opportunities EPISO 6 Fund in a joint venture with XLB Property.
Cody Technology Park comprises approximately 1m sq. ft of buildings on a site totalling c.165 hectares. With a wide variety of accommodation ranging from high-quality offices to laboratory and R&D space, occupier amenities include a gym, squash court, café, 200-seat restaurant, jogging and cycle routes around the 250-acre woodlands surrounding the park.
The business plan for the site (pictured above) involves capital expenditure investment to improve the common areas, occupier accommodation and the overall occupier experience for QinetiQ and the 96 other occupiers in the park which include Vodafone, Datum Data Centre, and Saab.
Ali Otmar, Senior Partner and Head of Investments at Tristan Capital Partners, said:
“We look forward to an effective partnership with Workman LLP as Property Manager for Cody Technology Park. This acquisition provides our EPISO 6 Fund with the opportunity to deliver a strategic investment programme for Cody Technology Park. We believe the long-term occupation and anchorage of QinetiQ, combined with our strategic vision and investment programme, will reinforce Cody as the premier research and development campus for the aerospace and defence industries across the UK and Continental Europe.
“The business plan involves substantial capital expenditure investment to improve the common areas, tenant accommodation and the overall tenant experience for QinetiQ and the 96 other tenants in the park. The aim is to create a vibrant, forward-looking environment that meets the evolving needs of businesses, and supports and grows the local economy.”
Mark Smith, Partner at Workman, said:
“We are delighted with our appointment to provide property management services at Cody Technology Park. Our team is looking forward to supporting Tristan Capital Partners and XLB Property as they work to deliver their shared goal to create a vibrant, forward-looking environment that meets the evolving needs of businesses, while supporting and boosting the local economy.”
Cody Technology Park sits within a 407-acre landscaped environment, encompassing one of the country’s best wildlife Sites of Special Scientific Interest (SSSI), spanning some 169 acres. The park’s position close to the M3 J4A and extensive parking provision makes it an ideal business location.
