British commercial real estate investment management firm Oxenwood Real Estate has purchased a prime logistics facility in Weybridge for 16.4 million pounds ($20.6 million).
The logistics facility totals 78,650 square feet and is located in West Park Industrial Estate.
Oxenwood Real Estate, on behalf of Oxenwood Catalina, its joint venture with Catalina Holdings (Bermuda) Ltd., bought the asset from Northamber.
Additionally, the asset has been leased back to Northamber on a short-term basis to allow the relocation of Northamber’s business.