Property firm Dunedin has not responded to media reports that it is to sell its 900,000 m[sup]2[/sup] UK industrial portfolio and a subsidiary, Industrious Asset Management, for as much as £ 700 mln (EUR 1 bn). The company has reportedly appointed Morgan Stanley to sell the package. When contacted by PropertyEU, Dunedin declined to comment.
Property firm Dunedin has not responded to media reports that it is to sell its 900,000 m2 UK industrial portfolio and a subsidiary, Industrious Asset Management, for as much as £ 700 mln (EUR 1 bn). The company has reportedly appointed Morgan Stanley to sell the package. When contacted by PropertyEU, Dunedin declined to comment.
The sale of the Midlands-focused portfolio would be one of the biggest recent deals in the UK and follows a spate of corporate industrial property sales this year, Property Week noted. The portfolio represents annual rental income of £46 mln (EUR 67.5 mln) on a fully let basis. It includes 120 estates, totalling 1,409 units, with 1,060 tenants, primarily in the small to medium-sized business sector.
