Moulding Confirms Sale of Icon Business Park
Deal News | Nov 27, 2024 | Home of Direct Commerce
Matthew Moulding, the founder of THG, has announced the sale of Icon Business Park. This 1 million square feet campus, occupied by THG and owned by Moulding Capital, was sold for approximately £180 million. Moulding shared insights into the sale on his LinkedIn, stating that the park's development took nearly seven years and has been a significant contributor to the local economy, creating 2000 jobs and generating about £150-200 million in annual income for the region. Despite the sale, THG will continue to operate from this campus for many years, reflecting a stable global property market.
Sectors
- Real Estate
- E-commerce
Geography
- United Kingdom – Icon Business Park is located in the UK, reflecting the regional economic impact of the sale.
Industry
- Real Estate – The sale of Icon Business Park involves a significant real estate transaction.
- E-commerce – THG, an e-commerce company, is the main occupant of the sold property.
Financials
- £180 million – The sale price of Icon Business Park.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Matthew Moulding | Seller | Person | Founder of THG and owner of Moulding Capital. |
| Moulding Capital | Selling Company | Company | Owned the Icon Business Park that was sold. |
| THG | Occupant | Company | The main occupant of Icon Business Park. |
| Buyer (Unnamed) | Buyer | Unknown | The entity that purchased Icon Business Park is not named. |