Corporate pension fund clients of Savills Investment Management advised by Aitchison Developments and Savills have acquired strategic development land at Bourn Airfield on St Neots Road, Cambridge.
Comprising 25 acres (10 hectares), the cleared site, which was previously made up of aircraft hangars and a manufacturing facility, is immediately adjacent to the proposed new settlement at Bourn Airfield that forms a major part of South Cambridgeshire’s Local Plan for increased residential development around the city of Cambridge.
Graham Brown, director in the industrial & logistics team at Savills, comments: This plot at Bourn Airfield provided an excellent opportunity to acquire space that is likely to satisfy both strong demand, whilst also helping to tackle the current shortage of employment land in the local area.”
Lucy Winterburn, Director of Investment at Savills IM comments ‘Bourn is set to see considerable change in the short term as plans to develop a new settlement work their way through the planning system. Our site is primed to offer a new commercial location complimentary to that wider scheme which will appeal to a variety of occupiers’.