The park, which is purchased on behalf of the managed fund, comprises of four two-storey office buildings and provides 79,000sqft for office accommodation. Occupying a 3.8-acre site, it also includes parking for approximately 316 cars. The buildings are fully let to three tenants, including IBM, Dow Chemical Company and SFDC UK.

Charlie Walker, senior fund manager of Legal & General Property, said: "Providing good quality defensive stock in the short term and significant asset management opportunities over the medium to long term, this purchase complements the fund's existing portfolio and will enable it to proactively add value in the future at a time when the market is forecast to deliver strong rental growth.

"Having been active net investors over the past nine months, we have really noticed a step change since September in the number of parties eyeing up the same potential investment opportunities under GBP30 million. The key to securing assets remains the ability to act quickly and we successfully closed this deal in just nine days."

A service of YellowBrix, Inc.