M Core acquires 177,000 sq ft Westpoint Office in Peterborough
“Westpoint is a well-established Grade A office asset in a strong regional location. The building offers scale, quality and excellent amenities, which support long-term tenant retention. This acquisition aligns with our disciplined approach to investment and intensive management, and we have some exciting asset management plans to roll out immediately.”
M Core has acquired Westpoint, a 177,621 sq ft Grade A multi-let office campus set within a 22.4-acre freehold site in Peterborough.
The office building is currently let to 14 quality tenants and has a strong retention rate of 92%. Westpoint is located just 4 miles west of the city centre and has excellent road and rail links, and the station is connected by a regular bus service. Trains to London Kings Cross and Cambridge take just 45 minutes. The building includes the best parking provision in Peterborough, with 800 car parking spaces and 10 EV charging points.
There is a scenic cycle route through Nene Park and the river that can also be used, and Westpoint has a platinum cycle score certification. The cycle route from the station takes 20 minutes, and the building includes 79 covered bike racks.
West Point has excellent on-site amenities, including a café, gym, sports hall, breakout areas, outdoor terraces, and end-of-journey facilities.
The building has undergone a major refurbishment and benefits from a 5-star data connectivity and telecoms rating, and a Platinum Wired Score.
Joe O’Keefe, Co-Founder, Sheet Anchor Evolve, part of M Core, said:
“Westpoint is a well-established Grade A office asset in a strong regional location. The building offers scale, quality and excellent amenities, which support long-term tenant retention. This acquisition aligns with our disciplined approach to investment and intensive management, and we have some exciting asset management plans to roll out immediately.”
Mike Buer at Aquira acted for Sheet Anchor Evolve and DTRE for Eagle Street. Solicitors acting on behalf of the landlord was Clarke Willmott.
“Westpoint is a well-established Grade A office asset in a strong regional location. The building offers scale, quality and excellent amenities, which support long-term tenant retention. This acquisition aligns with our disciplined approach to investment and intensive management, and we have some exciting asset management plans to roll out immediately.”
