Kirkby Diamond in pole position as team completes four warehouse deals

Kirkby Diamond’s industrial & logistics team has accelerated into pole position in the first quarter of 2025 by completing the sales of four warehouse units, in deals worth a total of over £12 million.

The properties, located in Buckinghamshire, Bedfordshire and Cambridgeshire, range in value from around £2 million to £6 million and include a research and development headquarters at Tilbrook – known as the home of Formula One’s Red Bull Racing.

Tilbrook 36

Tilbrook 36, a 36,067 sq ft unit at Sherbourne Drive in Milton Keynes, has been sold on behalf of a private investment company. It has been acquired by an unnamed Milton Keynes business, operating in the technology sector, that needs more space due to its business expanding.

It achieved a figure close to the £6 million asking price. The property is a detached warehouse/industrial building with yard and parking sitting on a site of circa 1.86-acres.

The warehouse consists of two bays, with offices over the ground and first floor, fronting on to Bletcham Way (A4146). Kirkby Diamond acted as joint agent with Brasier Freeth.

Eamon Kennedy, senior partner and head of industrial & logistics at Kirkby Diamond, said: “It really has been a fantastic start to the year, with the completion of four sales with a total value in excess of £12 million.

“The signs are really encouraging for the rest of 2025 with businesses still very keen to invest in industrial/warehouse properties. Milton Keynes, Luton and other towns and cities in the region are very sought after locations. Freehold opportunities are still relatively rare and therefore attract significant interest when they come to market.”

Staubli House

Staubli House, at Presley Way in Milton Keynes, has been acquired by a local investor who subsequently instructed Kirkby Diamond to market it to find an occupier on a leasehold basis. The 11,705 sq ft unit became available due to the relocation of Staubli UK - an engineering solutions company working with Formula One teams - which appointed Kirkby Diamond to market the freehold of the building at an undisclosed price.

The substantial detached hybrid, tech/R&D head office building, sits on a 1.05-acre plot and has an impressive galleried reception area arranged with ground floor storage, a loading door and production/packaging areas. It also has a range of mostly open-plan and individual offices to the first floor and a large boardroom.

Forge End Road

Meanwhile, a 35,000 sq ft detached industrial/warehouse unit at Forge End Road, Eton Socon, St Neots, has been sold prior to going to market for a figure near the asking price of £3 million. It has been acquired by One Insurance Limited for a vehicle accident repair centre.

The property sold for a price well in excess of the £2 million valuation placed on it by local agents, according to Paul Quy, Kirkby Diamond’s industrial & logistics partner and head of Milton Keynes agency.

“This is a deal we are particularly pleased with. Not only did we achieve an offer well above the valuation our client had been given by local agents but it is also the largest sale of a single asset in the Oxford and Cambridge Arc region in the last 12 months,” said Paul.

Kolbus House

At Houghton Regis, Dunstable, a deal sealed by Eamon Kennedy has seen a 22,000 sq ft industrial unit change hands for close to the £2.75 million asking price.

Kolbus House, a detached property on Blackburn Road, has been sold on behalf of engineering company Kolbus UK to a local occupier that needs additional space for its expanding business. The unit has ground and first floor offices with additional mezzanine floor space, plenty of parking space and loading, within a secure gated site.