Savills have sold Aviation House, a warehouse on Waterton Industrial Estate in Bridgend, Wales to Willis Asset Management Ltd for £3.85 million.
Aviation House provides 123,431 sq ft of purpose built warehouse and production space including 26,808 sq ft of office accommodation.
The warehouse is on a self-contained site extending to approximately 9.15 acres with an expansion area of 2.66 acres to the rear.
Willis Asset Management Ltd is a 100% owned subsidiary of US based Willis Lease Finance Corporation and has acquired Aviation House as its UK headquarters from which it delivers both aviation consultancy and engine maintenance services to the aviation industry.
Karl Gibson, Vice President at Willis Asset Management, says: “This investment provides the business with an excellent facility comprising both modern and professional office space as well as substantial warehousing and maintenance workshops from which to service our global customer base and forms a key component in the continued expansion and growth of the wider Willis Lease Finance Corporate platform of services.”