Frasers Centrepoint buys 4 business parks in UK
The properties, acquired by Frasers Property International, mark a new market segment for group; subsidiary also enters into conditional agreement to buy 5th UK business park
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Singapore
FRASERS Centrepoint Limited (FCL) has agreed to buy four business parks in the United Kingdom from Oaktree Capital Management LP for about £686 million (S$1.2 billion), a move that marks the property group's foray into a new market segment.
On Monday, FCL announced that the acquisition comprises 4.9 million square feet of built area across four freehold business park assets: Winnersh Triangle in Reading, Chineham Park in Basingstoke, Watchmoor Park in Camberley and Hillington Park in Glasgow.
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