Industrial property owner SEGRO is planning to sell IQ Farnborough, a mixed-use business park and the first of its six large non-strategic assets to have been sold since being highlighted as non-core at the end of last year.
The park will be sold for £90.1m in two parts. The build assets, along with 18 acres of development land, have been sold to a joint venture for £79.7m, while 11 acres have been bought by two future owner-occupiers for £10.4m.
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