Osborne Clarke advises Vodafone

TELECOMMUNICATIONS firm Vodafone has sold its Newbury campus - but it’s not going anywhere.

It has arranged long-term leases on four of the seven buildings at the site, in a deal arranged by law firm Osborne Clarke.

The seven properties have a net internal area of 486,810 sqft (45,226 sqm) and are set on 38 acres of landscaped grounds. It has been home to the company since the early 21st century.

The campus has purchased by clients of IQON Capital and Oval Real Estate with the intention of upgrading it into a world-class business and innovation campus.

The Osborne Clarke team that advised Vodafone included corporate real estate partner Alison Riddle and associate Svetlana Kisyova; legal director Catherine Gunz and associate Hayley Batki in real estate; partner Tracey Wright and associate director Alex Makinson in Tax; partner Mark Taylor, and associate director Georgina Graham in commercial; and partner Paul Killen and associate director Leanne Coates in employment.

Vodafone was advised on the transaction by Colliers, with Chris Lewis, head of office investment and Rob Campkin, head of corporate capital solutions.

because it will return your deposit faster than any other UK city. It would take you as little as 14.8 months to earn back the average deposit of £19.875 with its rental yield of 12.2%.

The second-best place is Birmingham. It takes approximately 15.6 months for the 12.5% rent yield to return your initial deposit. Reading came in fourth.

A spokesperson from Bonusetu. com said: “This research highlights the importance of evaluating current market conditions when considering investing in the housing market.

“By analysing the live market data, we can provide valuable insights for motivated property investors who are looking to maximise their return on investment in 2023.”

UNDER THE HAMMER: Continuity House in Bracknell will be auctioned on Thursday, February 16