Trinova Sells BAE’s Christchurch Office Campus

Trinova Real Estate, along with investment manager Morood Investment Company, has completed the sale of Grange Road Business Park in Christchurch, Dorset to a private client of Jade Merchant Bank for circa £29.1m.

The 150,000 sq ft campus is fully let to defence, security and aerospace group BAE Systems until 2031 and provides a mixture of office, research and light industrial accommodation.

Sam Resouly, partner at Trinova Real Estate, said: “We are delighted to have disposed of Grange Road to Jade Merchant Bank, realising a healthy return to our investors on a core asset with strong underlying fundamentals. The demand for secure long-dated income streams presented an attractive opportunity to achieve an attractive exit, with a view to reinvesting in other exciting opportunities for this mandated separate account.”

BNP Real Estate represented the buyer Jade Merchant Bank.