Leading property developer Kingsbridge Estates has acquired a key employment site in Poole, Dorset, for £7.75m.
The 10.7-acre site at Sopers Lane, formerly owned by Siemens Plc, is just north of the town centre within a designed Employment Zone in the Poole Local Plan.
Kingsbridge Estates will now work closely with the site’s current occupiers and local stakeholders to bring forward proposals for a phased development.
Chris Fry, Chief Executive at Kingsbridge Estates said: “We are excited about the Sopers Lane site and its potential for a phased redevelopment to support local employment and contribute positively to the local economy.”
“This acquisition is in line with our mission to create sustainable schemes that help meet high levels of demand for quality commercial space across the South.”
Kingsbridge Estates, based in Chichester, West Sussex, specialises in creating high quality commercial and office schemes with a focus on sustainability.
The team at Kingsbridge Estates were advised by DTRE and Freeths on the purchase, while CBRE and Osborne Clarke advised Siemens Plc.