The assets up for grabs as BCPT hoists ‘for sale’ sign

More than £1bn of office, industrial and retail warehouse assets could change hands as a result of Balanced Commercial Property Trust’s strategic review. The REIT said today that it faces “significant challenges” in the market and has kicked off a review that could see it sell its portfolio, change investment strategy, wind down the business or sell the company.  The company has been offloading offices for some time  but there remain plenty of properties that could be heading to new owners over the coming months. Here’s the full list. (Note: valuations referred to below are taken from the REIT’s interim report covering the six months to 30 June, 2023, the last document in which BCPT published a complete list of its portfolio broken down into valuation brackets. Assets sold since those results were published in September 2023 have been removed.) Properties valued in excess of £200mSt Christopher’s Place Estate, W1 – retail/office/alternative Properties valued between £50m and £70mSears Retail Park, Solihull – retail warehouseNewbury Retail Park, Newbury – retail warehouse Properties valued between £40m and £50m Wimbledon Broadway, SW19 – retail/alternativeBurma Road, Winchester – alternative Properties valued between £30m and £40m Units 6 & 8 Revolution Park, Chorley – industrialOrion One & Two, Markham Vale – industrialUnit 8 Hams Hall Distribution Park, Birmingham – industrialUnit 1, G Park, Portal Way, Liverpool – industrialSite E4, Daventry International Rail Freight Terminal, Daventry – industrialUnit 10a Hams Hall Distribution Park, Birmingham – industrial Properties valued between £20m and £30m82 King Street, Manchester – officeUnit 2 Prime Four Business Park, Kingswells, Aberdeen – officeUnit 1 Prime Four Business Park, Kingswells, Aberdeen – officeOne Cathedral Square, Bristol – officeThe Cowdray Centre, Cowdray Avenue, Colchester – industrialUnit 3 Prime Four Business Park, Kingswells, Aberdeen – officeQuintus at Branston Locks, Burton on Trent – industrial17a Curzon Street, W1 – office Properties valued between £10m and £20m 7 Birchin Lane, EC3 – officeAlhambra House, Waterloo Street, Glasgow – officeUpper Northam Road, Hedge End, Southampton – industrialUnit 6a Hams Hall Distribution Park, Birmingham – industrialUnit 1 The Hive, Estuary Business Park, Liverpool – industrial, Watchmoor Park, Building C, Camberley – office16 Conduit Street, W1 – retail Properties valued under £10m Affinity Point, Glebeland Road, Camberley – industrial3 The Square, Stockley Park, Uxbridge – officeHurricane 52, Estuary Business Park, Liverpool – industrialUnit 2 & 4 The Hive, Estuary Business Park, Liverpool – industrialOakenshaw Road, Solihull– retail warehouse Source: Balanced Commercial Property Trust Search EG Radius for details of leases and energy ratings on these assets >>