UBS’s flagship UK property fund Triton has put a £120m portfolio on the market to take advantage of the ‘strength in the market’.

The portfolio is a mix of industrial, retail and offices with an average lot size of £12m and totals around 20 assets.

Tudor Toone has been appointed to sell the assets for the open-ended fund.

Anthony Shayle, former AxaReal Estate Investment Managers’ regional head of UK and now head of UK real estate at UBS, said: “The main reason to sell now is to reposition the fund and it makes sense to do this with the current strength of the market. There are assets within the fund which we need to move on as part of this repositioning.”

He added: “We want to test the market. The current strength of the market should be grabbed. There is a scarcity of product for investors.”

The Triton fund has around £1bn of assets and is run by portfolio manager Alex O’Connell.