Hat Trick of Investment Sales for HF Developments Takes This Year's Total at Hamilton to £82m

In another major triumph for HF Developments, a funding deal has been agreed to build a further 70,000 sq ft facility at Hamilton International Park, with First Engineering, part of the Babcock International Group, secured as tenant.

The deal comes hot on the heels of the recent investment sale of Ochil House, taking investment in Hamilton International Park to £82m in the last 12 months. A Chancery Investor Syndicate has agreed to purchase the building, which will be home to First Engineering's new training facility, for £22.2m.

William Hill, managing director of HF Developments, said: "Yet again, Hamilton International proves to be the destination of choice for both investment and occupation. We are delighted that First Engineering are expanding their presence on the Park.

"This project was exceptionally complex and required the assistance of numerous parties to succeed. It goes without saying that all involved are delighted to have succeeded."

The last two years have seen considerable investment in the Park by HF Developments, with the completion of the Park's Retail Parade, assuming responsibility of the Park Management, the expansion of serviced office space and provision of free bus travel for tenants, alongside the construction of further office space.

Work will begin on-site this month, with the facility scheduled to open in early 2009.

The Chancery Partnership were represented by Lambert Smith Hampton, with HF Developments self represented.

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Notes to Editors: Hamilton International Park

An established, dynamic business location, Hamilton International Park is home to a number of blue chip companies including ScottishPower, First Engineering, HSBC, First Direct, Scottish & Universal Newspapers and many more. Over 5,000 people are employed on site. Park Developers HFD are expanding the range of flexible, high quality office accommodation to further support the Park's future growth.

The Park is centrally located in the heart of Scotland, approximately 13 miles south east of Glasgow City Centre. It is served by the A725 East Kilbride Expressway, which provides quick and easy access to the M8 (Glasgow & Edinburgh) and M74 (Carlisle & the South) motorway networks. DTZ, Lambert Smith Hampton and Cushman & Wakefield are retained letting agents for the available office accommodation at Hamilton International Park.