Brixton is undergoing a major reorganisation that will see £450m of industrial property put up for sale.
CB Richard Ellis and King Sturge will shortly begin approaching a handful of parties to take a 75% stake in a £300m portfolio of smaller properties to be placed in a new fund.
Brixton is keen to sell to a single investor.
In addition, its 587,000 sq ft Martlesham Business Park near Ipswich is on the market for £50m, and Brixton plans to sell the Vaughan trading estate in Birmingham.
Holley Blake is advising on both.
As revealed last week, Brixton is also selling a £145m portfolio of industrial estates in the South East.
Brixton has been disposing of stock since it bought the Industrious portfolio in 2004.
Chief executive Tim Wheeler said: “We are looking to drip-feed out the non-core stock.
“There is a great weight of money earmarked for industrial.”
References: EGi News 10/02/06
