Clearbell and Patron Capital have sold Pyramids Business Park in Livingston, the last remaining asset from the Mercury portfolio which the joint venture acquired in 2012.
The 830,000 sq ft park offers office and industrial space. Clearbell and Patron Capital secured a series of lettings to tenants including HMRC, Plexus, Redeem and Sofology before the sale.
Pyramids Business Park was one of 24 assets in the Mercury portfolio, which comprised 2m sq ft of retail, offices and industrial assets and was acquired from Henderson Global Advisors.
Manish Chande, senior partner at Clearbell, said: “The sale of Livingston marks our exit from the Mercury portfolio.
“Through effective asset management we were able to deliver significant returns for investors, demonstrating the value there is to be had across the UK if you find the right opportunities. We continue to see strong demand for office and industrial space in regions outside of London.”
21 April 2017
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20 July 2012