Client: Vygon UK Limited

Overview
Vygon UK is a leading supplier of medical and surgical products to the NHS, specialising in single-use intravenous access devices. RED has partnered with Vygon since acquiring the Pierre Simonet Building in Swindon in 2010, providing ongoing asset management for the 45-acre site. The strategy focuses on creating income, reducing occupational costs, and improving environmental sustainability.

Challenges

• Surplus office accommodation and open land.

• Ageing warehouse facilities needing modernisation.

• Ongoing occupational costs and underused assets.

• Need to align the site with sustainability and net-zero goals.

RED’s Role
RED has acted as an outsourced real estate director, providing full asset management services including:

• Securing planning consent for demolition of outdated warehouses and construction of new high-bay facilities.

• Letting surplus office space and open storage land to third parties.

• Conducting rent reviews and lease renewals.

• Selling surplus land (including rear car park to Homes England for residential development).

• Investigating and implementing green initiatives such as solar PV and wind power.

• Managing site-wide common areas and facilities.

• Conducting feasibility studies for new opportunities.

Outcome
RED’s ongoing management and strategic planning have transformed Vygon’s property portfolio into a lean, income-generating asset. The company now benefits from reduced occupational costs, diversified income sources, and measurable progress toward a net-zero cost position. RED continues to report directly to the Vygon UK Board, guiding future initiatives and sustainability improvements.

Key Achievements

• Planning and delivery of modern warehousing to replace outdated facilities.

• Sale of surplus land to Homes England for redevelopment.

• Letting of office and storage space to third parties, generating new revenue.

• Implementation of renewable energy initiatives.

• Continuous strategic management and board-level reporting.