Property team Frasers Property said it is getting Lakeshore, Bedfont Lakes business park at London for #135 million (S$239 million).
Frasers Property’s direct subsidiary, Frasers Property Holdings UK, has entered into a sale and purchase agreement to acquire the whole stake in Bedfont Lakes Limited, which retains the freehold interest in the company park containing three office buildings.
The property can be found in Bedfont Lakes, Feltham, Middlesex, also includes a lettable area of approximately 272,000 sq ft.
It’s allowed on a long-term foundation as the headquarter campus to get multinational tech company Cisco Systems.
The cost is payable in money, and will be financed from internal funds, Frasers Property stated. It’s also subject to alterations based on terms of this purchase and sale agreement.
Mainboard-listed Frasers Property develops, owns and manages a portfolio across various nations, such as residential, retail, industrial and commercial properties.
It’s six business parks in the uk.
As at Sept 30 final year, the Singapore-based firm has assets totaled about $37.6 billion.