US-backed developer Akeler has a chunk of property worth over £300m at Marlow and Reading and three properties in Slough at 215-217 Bath Road and Welcroft House, on Welcroft Road.
The firm is looking to maximise its returns on the schemes to spur future regional development.
Managing director Trevor Silver said the idea was at an embryonic stage. “Were probably launching a fund, which will be worth hundreds of millions of pounds, depending on how many buildings we put in it.
“At the moment were looking at various options including selling the properties in the Thames Valley, securitisation or forming a partnership for some sort of fund. The least likely scenario will be securitisation.”
Silver confirmed that the firm had not approached or spoken to anyone yet about setting up the fund because it is looking at ways of structuring it.
Capital raised will bankroll Akelers “very aggressive” expansion plans.
The firm is scouring the Thames Valley, the Midlands, North West/North East and Scotland for development
sites for both traditional business parks on motorway junctions and urban business parks on brownfield sites next to city centres.
EGi News 03/11/00
