Lone Star and Hines Global REIT have invited agents to pitch to sell their holdings at Brindleyplace in Birmingham for an asking price of just under £300m, reflecting a circa 6% yield.
The sale will include numbers Three, Four, Five, Six and Nine Brindleyplace. In total, the buildings make up 638,400 sq ft of space.
The 11 buildings at Brindleyplace form one of the largest regional office campuses in the country.
Earlier this year Tritax sold Seven, Eight and Ten Brindleyplace to CBRE Global Investors for around £130m, a 6% yield.
In October 2014, Argent sold 11 Brindleyplace to Benson Elliot for around £30m.
