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Tristan Capital offers DWS £140M for UK business park


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Tristan Capital offers DWS £140M for UK business park

Tristan Capital Partners LLP is offering to buy the Reading International Business Park in the U.K. for about £140 million from DWS Group, according to Radius Data Exchange.

The 406,000 square foot business park in the English town of Reading was put up for sale for £130 million, reflecting a 5.8% yield.

Tenants include Verizon, Aspentech, CyberSource, Acision, Investec, Fireye and Ericsson, according to the asset's website.

Hines, AXA Investment Management - Real Assets and Kennedy Wilson also placed bids for the property but did not agree to the offer.

DWS acquired the property from the Arlington Business Parks Partnership in 2011 for about £140 million, according to the report.