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.