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Frasers Property to acquire London business park for $238 mil

By Uma Devi

/ The Edge Singapore |

January 23, 2020 7:24 PM SGT

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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

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