According to Straits Real Estate CEO Desmond Tang, the acquisition of this portfolio, within the Gloucester Business Park, will help generate a “balanced blend” of recurring income at an attractive yield, and also potential upside from development.
Straits Trading is making another significant expansion into the UK with a GBP130 million ($219.4 million) acquisition of a portfolio within a business park.
The portfolio consists of nine office and industrial buildings with a net lettable area of 522,000 sq ft, and six plots of development land totalling 830,000 sq ft.
