Waterbeach, Cambridgeshire

Pigeon acquired 11 – 12 Pembroke Avenue in 2021, with the building vacant and in poor condition. An extensive refurbishment programme followed, including stripping the building back to frame, replacing the roof and cladding, and re-fitting the offices. The property was then let to Alstom Transport UK on a 10 year lease. Pembroke Avenue is a valuable and high-quality addition to the Pigeon portfolio of investment properties, being in a prime location with substantial demand for quality industrial space.