Property developer Robert Hitchins Ltd has bought Building 220 at Bristol Business Park as part of its continuing investment strategy.
The 10,048 sq ft building, arranged over two floors, has recently been comprehensively refurbished.
It is let to Babcock International Technology Ltd on a 10-year full repairing and insuring lease. Babcock is a major international provider of systems and full life-cycle engineering support and delivers specialist naval and defence systems engineering, design, supply, integration and through-life support and equipment management.
The 420,000 sq ft Bristol Business Park is one of the city’s premier out-of-town business parks, situated off J1 of the M32, within 2 miles of J19 of the M4 and 4 miles from the city centre.
Property and Development Director for Robert Hitchins Ltd, Simon Tothill, said: “The purchase of Building 220 is part of our continuing strategy to expand and diversify our investment portfolio in Bristol and throughout the South West and South Wales.
“It’s a modern building with a good tenant in a park which is well managed and maintained to a high standard.”
Colliers International acted on behalf of RHL. The agent for the vendors was Alder King.
Robert Hitchins Ltd, based at Boddington, Gloucestershire, is one of the leading property developers in the South West and South Wales. It deals with the full process from site acquisition and planning through to development and investment.