The private equity owner of business parks group Arlington is searching for a fresh injection of capital in the company – a process that could see new investors brought on board or the entire entity sold.
TPG is understood to have mandated Eastdil Secured to study various options for Arlington, which it bought in 2017 for some £450m.
The process is said to be in the preliminary stages and options could include an outright or partial sale as well as a refinancing of the balance sheet.
Arlington’s portfolio includes Oxford, Uxbridge, Manchester and Gloucester business parks, Manbré Wharf in Hammersmith, W6, Reading International Logistics Park and a number of other sites.
To send feedback, e-mail tim.burke@egi.co.uk or tweet @_tim_burke or @estatesgazette
