X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LONDON- Morley Fund Management and Crest Nicholson have joined forces to acquire one of the few remaining prime sites in the south-east capable of accommodating a million-sf business park in excess of 1 m sq ft. They have bought the 315-acre site former Defence Estates Research Agency (DERA) sites at Chertsey, Surrey.

The site straddles the M3 near its intersection with the M25. The developers plan an office park on the 100 acre northern site, which uniquely has its own dedicated railway station. They plan a mixed-use development on the remaining 215 acres south of the M3.

The site already houses 850,000 sf of existing buildings and facilities, giving short-term income potential. The developers say preliminary discussions have been held with a number of prospective tenants, and buildings designed to meet specific requirements can be factored into the master planning.

The Crest/Morley Consortium was advised by DTZ Debenham Tie Leung and the vendor, QinetiQ, was represented by CBRE.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.