The properties behind such loans are usually not prime assets, but management intensive properties
well away from the metropolises.
The companies - which became Real Estate Investment Trusts earlier this year - are examining portfolios for smaller, more management intensive properties
to sell, now that they no longer have to pay capital gains tax.
Mr James Tuckey, chief executive of MEPC, said: "The disposal of these smaller, relatively management intensive properties
continues our strategy of rationalising our portfolio.
Despite a challenging climate in property financing, taxpayer assets will remain highly coveted by investors seeking to trade out of more management intensive properties
, such as apartments.
WiredZone is an operating venture jointly owned by the Apollo Real Estate Investment Funds and Prescott Realty Group, bringing together the capitalization and hands-on operating expertise needed to manage bandwidth- intensive properties
as that market need grows.