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Report: M&G could place Surrey, UK, business park up for sale for £150M

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Report: M&G could place Surrey, UK, business park up for sale for £150M

M&G Real Estate is mulling the approximately £150 million divestment of the Heights Brooklands business park in the town of Weybridge in Surrey, U.K., which would mark a 6.25% yield, Property Week reported.

The investment company is said to have approached Knight Frank to market the asset through a formal launch of the business park in the upcoming weeks, the Oct. 11 report added.

The five-building business park provides upwards of 330,000 square feet of prime office space that is over 90% occupied by tenants, such as Sony, Samsung, Daikin, Procter & Gamble, Alliance Boots, Experian, K2 and Altiostar. The asset also contains dining and retail amenities such as Café Kix, and Tesco and Marks & Spencer supermarkets.

M&G and Knight Frank both declined to provide comments to the publication on the potential sale.