Severn Trent Water has appointed ten firms of agents and auctioneers to deal with its 400 lot property disposal programme.

The companies that have been selected to market the lots are: Allsops, Cushman & Wakefield, Knight Frank, JLL and King Sturge, Shonki Brothers in Leicester, Bigwood in Birmingham, Halls in Worcester and Shrewsbury, Pugh & Co in the North East, and Savills in Nottingham.

The disposal of the sites which have been designated surplus to the company’s core water and sewage services business, is expected to be completed within 18 months.

Each of the sites are thought to be worth between £25,000 - £50,000.

Ted Pearce, director of property services at Severn Trent, said: ‘These 400-plus lots are all surplus to business requirements and in spite of the current economic climate, our research suggests that there is still a healthy demand from equity purchasers for this type of property.

‘We’ve chosen a mix of agents to reflect the breadth and diversity of the portfolio, as well as the geographical spread of the sites which we wish to dispose of.’