Hamilton Babcock Enterprise Zone Syndicate

13 March 2008

Chancery are pleased to have secured this EZS opportunity, for our clients and associates.

 

The property is to be purchased by the Syndicate for £22,250,000, made up of a £12,460,000 non status, limited recourse loan and a £9,790,000 cash contribution from the members. 

The developer has secured a lease with First Engineering Limited guaranteed by Babcock International Holdings PLC. The lease is on a standard institutionally acceptable full repairing and insuring terms for a period of 16 years.

 

The property is situated in the Hamilton International Park, which is one of the leading locations for inward investment in the United Kingdom. The Park is situated immediately west of Hamilton, adjacent to the A725 East Kilbride expressway. It provides integrated transport links and the A725 connects into the M74 motorway. A regular rail and bus service into Glasgow contributes towards Hamilton becoming a popular commuter town, as well as a strong commercial entre. The Park forms part of the Lanarkshire Enterprise Zone and you can find further details at www.hamiltoninternationalpark.com