Gazeley has put a portfolio of its small land holdings on the market as part of a strategy to focus on its large projects.
The industrial developer is looking to sell around 7 sites for roughly £23m, in sites such as Bedford, Bristol and Tamworth.
It is thought to be part of a wider strategy to concentrate on large, deliverable projects following the takeover earlier this year by Economic Zones World, a subsidiary of Dubai World, for more than £300m.
A spokeswoman for Gazeley said: ‘Our core business is focused on delivering large-unit, sustainable logistics solutions. We are continuing to actively seek out prime sites to meet this requirement and support our ongoing business growth.
‘In line with our strong business model, we are currently reviewing some smaller plots in our portfolio which would provide a good opportunity for developers of smaller industrial and commercial units.
‘This is not a new approach for Gazeley but part of our core business as a trader developer of quality logistics space.’
An example of the type of project Gazeley will focus on is the Flair warehouse at G.Park Rugeley which it is currently speculatively developing. At 700,000 sq ft, the shed will be the largest in the Midlands on completion in November.
Gazeley is also keen to buy large sites, such as the deal agreed earlier this week to buy 100 acres from Blue Anchor Leisure near Doncaster, subject to planning.
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