FCL, FCOT buy UK business park for £174.6m

Singapore

FRASERS Centrepoint Limited (FCL) and the manager of Frasers Commercial Trust (FCOT) on Thursday said their subsidiaries have entered into a share purchase agreement to acquire on a 50-50 basis Farnborough Business Park (FBP) in the United Kingdom for £174.6 million (S$314.8 million).

The seller is HEREF Farnborough Holdco, which holds the title to the property.

FBP is a 46.5-hectare freehold business park comprisi…