Maidenhead: Kier sells data centre to tech group iomart

Kier Property, the development arm of the Kier Group, has sold a 23,472 sq ft slice of its Maidenhead scheme to technology and cloud services group iomart for an undisclosed price.

Kier Property bought the 3.35 acre site on Clivemont Road, Cordwallis Industrial Estate in July 2017.

The site comprises a data centre and two further sites which will be developed under Kier Property’s industrial brands Trade City and Logistics City in 2019/20.

Phil Sutton, senior development director of Kier Property, said: “The sale of the Spectrum Business Centre represents the first phase of our proposals for the site. The next two phases will see the development of high specification industrial/warehouse units in response to a lack of supply and growing demand in the area.”

Source: CoStar