CONTACT US
Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}

Marchmont buys Virgin's facility in Crawley

24/08/2020
Marchmont Investment Management in conjunction with Pictet Alternative Advisors have purchased the freehold interest in Virgin Atlantic’s Training Centre in Crawley for c.£30 million.

The property comprises Virgin’s training facility extending to c.220,000 sq ft on a site of 10.39 acres and was sold subject to a short-term leaseback. This prime site fronting 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.”

This purchase comes on the back of a flurry of deals for Marchmont including the acquisition of four single and multi-let estates around Greater London and the South East.

At Crawley, Marchmont was represented by Cushman & Wakefield; Virgin Atlantic was represented by SHW.
 

MEDIA CONTACT

Lauren Joselyn Cushman & Wakefield
Lauren Joselyn

Associate Director, EMEA Communications • London

What's new

Generic-UK-Bridge-Daytime-750x456
European Commercial Real Estate Sector To Weather Impact Of Tariff Uncertainty And Continue Expansion

Cushman & Wakefield report publishes report analysing economic and property impacts of the first 100 days of Donald Trump’s second presidential term.

Richard Coleman • 01/05/2025

James Woolley
Cushman & Wakefield Appoints New Head Of UK Student Accommodation

James Woolley takes the helm of the UK Student Accommodation team.

Richard Coleman • 28/04/2025

UK London City
Occupiers Focus On The Core As The City Breaks Record For Central London Office Leasing Deals

The City of London set a new record for office leasing deals in a calendar year with 339 transactions over 5,000 sq ft in 2024.

Lauren Joselyn • 24/04/2025

More Insights

UK Office Marketbeat Webcard.jpg
MarketBeat

UK Regional Offices MarketBeat

Access the latest quarterly commercial real estate results for the UK office sector nationally. MarketBeat reports analyse quarterly market activity including, supply, demand and pricing trends.
Kiran Patel • 01/05/2025
London Big Ben Westminster Bridge sunset
MarketBeat

UK MarketBeats

Our Marketbeat reports provide quarterly commercial real estate market activity data covering supply, demand, and pricing trends. Explore our UK Marketbeat reports which cover office, life sciences, retail, industrial, investment, and specialist market sectors.
Edward Bavister • 11/04/2025
modern office meeting room
Article

Commercial Property

Dedicated to delivering effective services in the EMEA region. 

NEED COMMERCIAL REAL ESTATE ADVICE?

Contact our team for the latest on the real estate markets.
With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Cookies.
MORE OPTIONS
Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS