Mon, 27 Feb 2012 | COMMERCIAL PROPERTY
Cambridge-based science park, Granta Park, has gone on the market for a record £140 million, according to reports.
Site owner MEPC has been quoted as saying that it will plough money from the sale into investing in “mispriced assets”.
Rick De Blaby, chief executive of MEPC, told Property Week, “Granta Park is one of our prime assets and we think that the best strategy is to recycle the capital generated from a sale and put it into purchasing sites which we believe will be mispriced this year.”
He told the publication that the sale of Granta Park follows refinancing undertaken by MEPC last year. He said this had given the firm a good capital structure and low debt ratio and that the sale of the park would put the company in a good position to buy up more sites.
Current tenants at the science park include Pfizer, MedImmune and TWI. According to a report in Business Weekly, despite the property sale, it will be business as usual for management and tenants at the park and a change in the way things are run is not expected.
Property agent Jones Lang LaSalle is handling the sale and Business Weekly reports that no potential buyers have been engaged with yet.
This established company with a dependable workforce and diverse sector expertise presents a robust business model with room for both national and international expansion. With a skilled management team and significant growth potential, offers are in...
This business offers a prime opportunity for complementary service providers seeking to expand their offerings with a strong client base and robust order book. Located in Manchester with a skilled team of design engineers, it promises continued growt...
A highly respected business with a skilled workforce and established relationships across multiple sectors is now available for acquisition. This opportunity offers significant potential for growth and expansion under new ownership.
24
|
Mar
|
PE group MonacoSol buys virtualDCS as part of acquisition drive | BUSINESS SALE
A cloud hosting, disaster recovery and cyber resilience tech...
24
|
Mar
|
Bolton-based Edbro bought by Turkey's Orsan Automotive | BUSINESS SALE
Bolton-based Edbro Hydraulics has been bought by Turkish gro...
24
|
Mar
|
Rubix buys distributor peer ERIKS | BUSINESS SALE
Pan-European industrial distributor Rubix has bought ERIKS U...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.