November 2020 - Costar
National Amusements has sold the Loddon Bridge Park & Ride site in Winnersh near Reading.
Campbell Gordon acting on behalf of the vendor sold the four-acre site to an undisclosed buyer understood to be a local construction group for an undisclosed sum.
Since the relocation of the Park & Ride facility to its new location adjacent to the station, the car park has become surplus to the owner’s requirements.
Jake Booth, Associate Director at Campbell Gordon, said: “This has been an interesting disposal. The site suffers from significant flooding, but it also has almost unrivalled motorway access and a car parking grade tarmac surface. It was satisfying to find a strong pool of demand and achieve a very good commercial outcome for our client, in line with our expectations.”
He added: “Industrial land and storage sites are setting records in the Thames Valley. We are at a really interesting inflection point in the market. We are talking to landowners with sites that they had previously thought of as being residential or office development sites, but are now worth more as industrial development sites. It is unclear how long this will remain the case, but we think it will last materially beyond the end of the pandemic. These pressures are also driving creative thinking and the contemplation of ‘beds and sheds’ development, which are so far untested in the Thames Valley.”