CapitaLand acquiring freehold business park in UK for $168m

One of 11 Grade A office buildings at Arlington Business Park in Reading, a city over 60 km west of London. Photo from CapitaLand.

Singapore-based real estate developer CapitaLand has agreed to acquire a prime freehold business park in the United Kingdom for 129.3 million pounds ($168 million), boosting its Europe portfolio to about $6.2 billion.

In a disclosure to the Singapore Exchange Wednesday, CapitaLand said it will acquire Arlington Business Park in Reading, over 60 km west of London. The business park comprises 11 Grade A office buildings totalling about 367,000 square feet of net lettable area.

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