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Henderson markets £205m Mercury portfolio

Henderson Global Investors’ £12.4 billion Property Business is preparing its Mercury Portfolio for sale. The £205m Mercury Portfolio is the largest balanced portfolio to be brought to the market in the UK over the last 3 years.

Ranger House, Guildford


Henderson Global Investors’ £12.4 billion Property Business is preparing its Mercury Portfolio for sale. The £205 million Mercury Portfolio is the largest balanced portfolio to be brought to the market in the UK over the last 3 years. It comprises 23 assets, of which the majority are located within London and the South East. The diversified portfolio is broadly split into three sectors – long let retail warehouses, for example B&Q, Plymouth, solid multi let industrial, for example, Brunswick Industrial Park, London and value-add opportunity regional offices, for example, Ranger House, Guildford (photo above).

Martin Payne, fund manager at Henderson said: ‘We believe now is the correct time to exit this portfolio due to the scarcity of good quality stock in the market, presenting an ideal opportunity to take advantage of the significant amount of capital looking for investment within the prime and good secondary property sector. The Mercury portfolio has a predominant weighting to London and the South East so we expect strong interest from investors looking for exposure in these locations.’

Drivers Jonas Deloitte have been instructed to market the Mercury Portfolio. Partner,John Rodgers, who is leading the instruction, commented: ‘This is an exciting opportunity for the investment market. The property stock is of demonstrable quality and the exposure to Inner M25 London Industrials, long let retail warehouses and offices in the centre of affluent South East commuter towns means this portfolio will appeal to a wide spectrum of buyers.’


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