Barwood Capital, the Northampton-based real estate investment and development business, has sold 252 The Square in Milton Keynes, UK to WD-40 Company Limited, maker of one of the world’s most instantly recognisable brands, used in households and by trades professionals across the globe.
A wholly owned subsidiary of WD-40 Company, WD-40 Company Limited is responsible for the production, marketing, sales and distribution of WD-40 Company products throughout the United Kingdom, Europe, the Middle East, Africa and India. The company’s regional headquarters is currently located near Kiln Farm in Milton Keynes, MK11.
The Square is a self-contained HQ office building in Milton Keynes’ core business district, MK9. It has undergone a complete transformation with a £1.5 million refurbishment programme by Barwood Capital.
The 22,229 sq ft (2,065 sq m) Grade A office space has an impressive double height glazed entrance and reception, energy efficient heating and cooling system, LED lighting throughout, superb open plan floorplates and an internal courtyard. It also has easy access to all the major transport links including Milton Keynes’ railway station and the many retail, restaurant and leisure amenities nearby.
Bill Noble, managing director, WD-40 Company Limited said: “Our diverse global workforce is the driving force behind our thriving business. After many years in our existing office, we decided it was time to invest in a new office space for our Milton Keynes’ based tribe members. The location and amenities at 252 The Square suited our needs perfectly and we are now embarking upon a renovation that will transform the building into a space defined by innovation and built for functionality and yet retain our company’s culture.”
Andrew Barlow, director, Barwood Capital said: “We saw the potential in 252 The Square when we acquired it for our 2012 Property Fund. When the previous tenant relocated we were able to carry out a full refurbishment programme that brought the building up to modern requirements.
“We are delighted that WD-40 Company has acquired the building so that it can create a cohesive working environment for its employees."
"Milton Keynes remains an attractive place for businesses to locate and grow. It is a testament to the city that through this acquisition, WD-40 Company has continued to invest in the area.”
Spring 4 acted on behalf of WD-40 Company Limited.