A shortlist of four US firms: Tristan Capital, Harbert Management Corporation, KKR and Ares Management, are all bidding on the Arlington Business Parks Partnership (ABPP) Portfolio. The portfolio is comprised of six business parks, the largest of which is the Hammersmith Embankment campus, which has a value of £120 million. It also includes business parks in Gloucester, Oxford, Uxbridge, Manchester and Arlington Square in Bracknell.

The current owners are the Abu Dhabi Investment Authority L&G and Goodman, who are expecting to choose a party before the New Year, and for the transaction to be complete by end of Q1 2017. They have tried unsuccessfully to sell the Hammersmith Embankment campus three times in the last two years. The fund is due to expire in June 2017, having previously been extended for 5 years in 2012.

This news was brought to you by Morgan Pryce, a specialist tenant acquisition agent with offices in Oxford Circus and the City. Morgan Pryce specialises in search, negotiation and project management and works exclusively for tenants.