Frasers Property buying London business park for $238m

  • 📰 The Straits Times
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

SINGAPORE (THE BUSINESS TIMES)- Real estate group Frasers Property on Thursday (Jan 23)said it is acquiring Lakeshore, Bedfont Lakes business park in London for £135 million (S$238 million).. Read more at straitstimes.com.

SINGAPORE - Real estate group Frasers Property on Thursday said it is acquiring Lakeshore, Bedfont Lakes business park in London for £135 million .

Frasers Property's indirect subsidiary, Frasers Property Holdings UK, has entered into a sale and purchase agreement to acquire the entire stake in Bedfont Lakes Limited, which holds the freehold interest in the business park comprising three office buildings. The property is located at Bedfont Lakes, Feltham, Middlesex, and has a lettable area of about 272,000 square feet . It is leased on a long-term basis as the headquarter campus for multinational tech firm, Cisco Systems.

The purchase price is payable in cash, and will be funded from internal resources, Frasers Property said. It is also subject to adjustments according to terms of the sale and purchase agreement.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Frasers Property buying London business park for £135mRead more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Stocks to watch: CCT, CMT, Frasers Property, ESR-Reit, Cache LogisticsRead more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »