24/10/2011

IQ Farnborough Business Park for sale

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Property investment and development company SEGRO Plc is looking to sell IQ Farnborough, an office park in Farnborough Hampshire, Property Week reports. The Berkshire, south England–based company could raise £100 million from the sale.

Segro has appointed real estate service provider CB Richard Ellis to market the business park. It had earlier cancelled plans to sell the park in 2008 to integrated commercial and industrial property group Goodman after its bid failed to reach the asking price of £160 million.

More info to follow.

Source – Property Week 21st October 2011.