SEGRO is preparing to sell its portfolio of offices on the Bath Road in Slough, seeking offers of around £326m.
The portfolio contains 972,300 sq ft of office properties leased to companies spanning blue-chip, national and international businesses, and one building currently being developed on a speculative basis.
The portfolio generates £21.6m of annualised rent and has a vacancy rate of around 5% as at 31 July 2015. It has a weighted average lease length of seven years to the earlier of break or expiry.
SEGRO has appointed CBRE to explore the sale of the portfolio, and has said it would remain committed to continued investment in the remainder of the Slough Trading Estate, which comprises 6.5m sq ft of warehouse and office space.
A SEGRO spokesperson said: “We have appointed CBRE to undertake a marketing campaign ahead of a potential sale of the portfolio of offices on the Bath Road in Slough. This is in line with our company strategy to invest in high-quality big-box, urban logistics and light industrial warehouses around key transport hubs and population centres in the UK and continental Europe.”
