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Frasers Centrepoint and Frasers Commercial Trust acquire Farnborough Business Park for $314.8 mil

Property

Frasers Centrepoint and Frasers Commercial Trust acquire Farnborough Business Park for $314.8 mil

PC Lee Published on Thu, Dec 14, 2017 / 7:24 PM GMT+8

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SINGAPORE (Dec 14): Frasers Commercial Trust (FCOT) has made the United Kingdom the first stop in expanding its investment mandate to Europe.

FCOT and controlling unitholder Frasers Centrepoint Limited (FCL) are jointly acquiring Farnborough Business Park (FBP) for GBP174.6 million ($314.8 million).

FBP is a 46.5ha freehold business park comprising 14 commercial buildings with a total net lettable area of 555,000 sf located in Thames Valley, west of London.

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