Mapletree bets more than £500m on UK business park
The property in Reading is the group's largest buy outside Asia; acquisition is in line with Mapletree's plan to seize new growth opportunities
Singapore
IN what is one of the biggest offshore property deals by a Singapore company in recent years, Mapletree Investments is paying more than £500 million (S$1 billion) for a 79-ha, freehold business park in the UK from Oxford Properties Group.
This also marks Mapletree's largest acquisition outside Asia.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Singapore office rents in central region fall 1.7 per cent in Q1 after rising for 9 quarters
Singapore retail rents slip 0.4% in Q1 as vacancy rates creep up
Country Garden plans to present debt revamp plan in H2, sources say
Hong Kong home prices rise for first time in 11 months after curbs scrapped
HDB resale prices accelerate, rising 1.8% in Q1 on stronger demand
Private home prices ease to 1.4% rise in Q1; rents fall a further 1.9%