Home News Property

Straits Trading to purchase UK freehold business park for $137.9 mil

Felicia Tan
Felicia Tan8/26/2020 07:24 PM GMT+08  • 2 min read
Straits Trading to purchase UK freehold business park for $137.9 mil
"We see value in the property as it gives us a resilient stream of income via its stable existing leases," says Desmond Tang, CEO of SRE.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

The Straits Trading Company’s subsidiary Straits Real Estate (SRE) is acquiring a freehold business park known as Bourne Business Park in Addlestone, Surrey, England, UK, for a total cash consideration of £76.7 million ($137.9 million).

The property is a prime business park with six standalone office buildings of a total of some 182,364 sq. ft. of net lettable area under a single freehold ownership.

It is located to established transport links and has a current occupancy rate of 96% to office tenants across various industries.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now