BauMont Real Estate Capital has agreed to buy two of Microsoft’s UK office headquarters for an undisclosed sum.

BauMont said it is buying the Thames Valley Park 4 and 5 (TVP 4 & 5) buildings for an undisclosed sum. 

The sale excluded Plot 6 which will be subsequently marketed for disposal by Microsoft and provides 4 acres of fully-serviced land.

The 155,565sqft business park Buildings 4, 5 & 6, were put up for sale by Knight Frank for £26.5m (€23.6m).

Buildings 4 & 5 were developed in 2003 and 2007. BauMont said the properties will be refurbished.

Natalie Harrison, head of UK investment at BauMont said: “Buildings need to appeal to employees, not only to attract and retain talent but following recent events, to actually encourage employees to visit the office.

“They need to offer a wide range of amenities, flexible space suitable for individual and collaborative working and a clean, hygienic environment where employees feel safe and able to circulate without being too close together. TVP 4 & 5 have great potential to deliver this offer.”

Paul Benjamin, senior finance director, Microsoft, said: “As part of Microsoft’s ongoing project to consolidate our footprint and incorporate the latest design standards and agile ways of working into buildings one, two and three, we are delighted to have completed the sale of buildings four and five to BauMont Real Estate Capital.”

The sale excluded Plot 6 which will be subsequently marketed for disposal by Microsoft and provides 4 acres of fully-serviced land.

To read the digital edition of the latest IPE Real Assets magazine click here. 

 

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