A pair of multi-let shed portfolios totalling £250m are being prepped for sale as vendors seek to take advantage of a frothy non-core investment market.
Threadneedle Investments and Prologis are both preparing to bring to market industrial portfolios ahead of an anticipated wave of secondary sell-offs this autumn.
Threadneedle’s portfolio comprises 10 non-core industrial assets in southern England, covering roughly 1.5m sq ft.
The 10 estates are to be brought to market soon with a price tag of around £130m, reflecting a yield of about 6.5%.
Most of the estates were bought in 2012 from SEGRO as part of the 17-strong Galahad portfolio, which was split between Threadneedle and Commercial Estates Group.
They include three parks in Portsmouth, Gatwick Gate in Crawley, South Liberty Lane in Ashton Vale, the Beeches Industrial Estate in Yate, the Haslemere estate in Bishop’s Stortford, Brooklands Close in Sunbury and two parks in Feltham.
JLL will be instructed on both portfolio sales.
