property personalised
News
Frasers Property to acquire London business park for $238 mil
By Uma Devi | January 23, 2020
Follow us on  Facebook  and join our  Telegram  channel for the latest updates.

SINGAPORE (Jan 23): Frasers Property Limited (FPL) is set to acquire Lakeshore, Bedfont Lakes business park in London for £135 million (S$238 million) through its indirect subsidiary  Frasers Property Holdings UK, the group reported on Thursday.

The group has entered into a sale and purchase agreement to acquire a 100% stake in Bedfont Lakes (Holdings) Limited, which owns the freehold interest in the business park.

The park, which is located at Bedfont Lakes, Feltham, Middlesex, comprises three individual high-specification office buildings and has a net lettable area of 25,270 sqm. The property  is also leased on a long-term basis as the United Kingdom headquarter campus for multinational tech firm Cisco Systems Limited.

This article - Frasers Property to acquire London business park for $238 mil is originally from TheEdgeSingapore.com



Read also:


More from Edgeprop