Aviva Investors is aiming to sell 770,000 sq ft of industrial property at Stake Hill Industrial and Distribution Park in north Manchester.
Aviva has instructed DTZ to find a buyer for its 55-acre landholding on the 200-acre scheme in Middleton, at junction 20 of the M62.
The fund is seeking £28.3m, reflecting a net initial yield of 9.1%.
The multilet estate has a rental income of £2.7m pa and comprises 40 buildings ranging from 3,000 sq ft to 170,000 sq ft. Around 10% of the site is vacant.
daniel.cunningham@estatesgazette.com
