Fri, 10 May 2013 | COMMERCIAL PROPERTY
SEGRO is set to sell its business park, IQ Winnersh, for around £200 million.
The commercial property owner has appointed Jones Lang LaSalle to handle the sale of the park.
At the moment, around 40 companies are located at IQ Winnersh. These include Jacobs Engineering, Microchip, Virgin Media and Harris Systems. BMC Software is the newest tenant in the park after the firm took a ten-year lease on a 36,425 sq ft property on the park back in April of this year. BMC has located its headquarters on the site.
In addition to the big businesses at Winnersh, the park also has a WHSmith store, a restaurant, coffee shop and hotel.
But there are approved plans in place for a further two million sq ft of office space on an 80 acre site that adjoins the park. The proposed extension is in addition to the £100 million redevelopment of the park that has already been undertaken by SEGRO. The company expanded the park in 2008/9 and then rebranded it from the Winnersh Triangle to IQ Winnersh in May 2010.
IQ Winnersh is a drop in the ocean of SEGRO's £4.7 billion worth of assets. The majority of its properties are located around the western corridor of London, but it also owns assets in Germany, France, Poland and other areas of Europe.
____________________________________________________________________________
Related articles:
Commercial property sold recently
Sell a business
The company is a vehicle accident repair centre offering general bodywork repair and other related services, including wheel alignment, air conditioning re-gas and windscreen / glass replacement. Repairs are completed to manufacturer standard by trai...
The company is a furniture and equipment hire company catering to the events industry, offering a vast stock portfolio of tables, chairs, table linen, crockery, cutlery, glassware and kitchen equipment.
Established mechanical services contractor offering a variety of HVAC, plumbing and renewables services, including heat pump installation and heat recovery ventilation.
25
|
Apr
|
Ambulance services provider acquired in pre-pack deal | BUSINESS SALE
Elite Emergency Medical Services Ltd (Elite EMS), an ambulan...
25
|
Apr
|
Tile business old to management team by Norcros | MBO/MBI
Johnson Tiles UK, a tile business based in Stoke-on-Trent, h...
25
|
Apr
|
New private equity owner for fleet hire firm | BUSINESS SALE
West Lancashire-based fleet hire business NRG Riverside has ...
25
|
Apr
|
New private equity owner for fleet hire firm | BUSINESS SALE
West Lancashire-based fleet hire business NRG Riverside has ...
25
|
Apr
|
Tile business old to management team by Norcros | MBO/MBI
Johnson Tiles UK, a tile business based in Stoke-on-Trent, h...
25
|
Apr
|
Ambulance services provider acquired in pre-pack deal | BUSINESS SALE
Elite Emergency Medical Services Ltd (Elite EMS), an ambulan...
Business Sale Report is your complete solution to finding great 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.