A MAJOR business park in Basingstoke has been put on the market as part of a £400million sale.

Chineham Park, managed by MEPC, which is a division of Hermes Real Estate, is being marketed along with sites in Warrington and Glasgow.

Chris Taylor, chairman of MEPC and chief executive officer of Hermes Real Estate, said the sale is being made to reinvest in business parks in the growing science and technology sector.

Mr Taylor said: “MEPC will focus on its remaining core assets and will continue to look for new development led opportunities, capitalising upon its proven ability to anticipate future occupational requirements, like its recent acquisition of Silver-stone."

Hermes, which manages the BT Pension Fund, has appointed Jones Lang LaSalle to handle the sale.