Australian property giant Goodman is to come to market with a £130m portfolio of properties on UK business parks.
Strutt & Parker has been instructed to sell nine single assets on Goodman’s business parks in a process dubbed Project Emperor, which will be brought to the market next week.
The price represents an 8% yield. Goodman developed some of the properties itself and acquired others.
The assets include Leeds Valley Park, Glasgow Central Quay, as well as properties in Oxford, Hatfield and Edinburgh.
The assets were not held in the Arlington Business Parks Partnership, but do include some assets which ABPP bought from Akeler in 2006.
In July Goodman sold its Trident Place business park to Singapore-based fund management firm AEP Investment Management for £130m.
