Tristan in line for £140m Reading International Business Park

Tristan Capital Partners is under offer to acquire Reading International Business Park from DWS Group for around £140m. DWS, part of Deutsche Bank, had put the 406,000 sq ft business park up for sale for £130m, reflecting a 5.8% yield. Hines, AXA Investment Management – Real Assets and Kennedy Wilson were previously competing for the park but did not agree on an offer. DWS first bought the business park, which is the European headquarters of US telecoms company Verizon, in 2011 from the Arlington Business Parks Partnership for around £140m. Other tenants at the park include asset management firm Investec and US cybersecurity company Symantec. Bray Fox Smith is acting for Tristan. Savills is advising DWS. To send feedback, e-mail anna.ward@egi.co.uk or tweet @annaroxelana or @estatesgazette