Kings Hill Business Park is to go on the market for a reported £150m.

CBRE has been appointed to sell the 800,000 sq ft of office space, where more than 100 companies are based including leading corporations such as Barclays Bank, Kimberly-Clark and Rolex.

The park is owned by Liberty Property Trust UK, but private equity firm Doughty Hanson bought an 80% interest there a decade ago.

Managing director of Liberty, Andrew Blevins said: “In 2005, Liberty sold 15 of its Kings Hill business park assets into a property investment fund, retaining a 20% share and taking on an asset management role in that fund. Ten years on that fund has reached the end of its natural life and CBRE has been instructed to market the portfolio of office buildings for sale.

“With regard to the day-to-day running and the future development of Kings Hill overall for Liberty and development partner Kent County Council, it is business as usual.”

Kings Hill was granted planning consent in 2014 to create a new residential neighbourhood of 635 homes, a new primary school and additional community amenities, whilst retaining land for future expansion of the business park.