Singapore-based fund management firm AEP Investment Management has acquired Trident Place business park from Goodman for £130m.
The park, in Hatfield, Hertfordshire, covers 472,000 sq ft of office space, including the headquarters of mobile operator EE, alongside Tesco, DHL and Ocado.
In 2012, AEP acquired GV7, a datacentre in Canary Wharf.
AEP senior principal John Mundy said: “Trident Place represents an investment with good real estate fundamentals and backed by strong covenants. We like the quality of the real estate and lease covenants, and the property fits into our larger objective of building a portfolio of income generating real estate assets in the UK and, potentially, across continental Europe.”
DTZ head of UK investment Jason Winfield said: “International buyers continue to be highly diverse, with investors from North America, Europe, the Middle East and Asia targeting the UK market. Of these, Asian investors are the most active currently, with new buyers from China and Taiwan, alongside the now-established purchasers from Hong Kong, Singapore, Korea, Malaysia and Japan. DTZ continues to track around £25bn of international capital seeking to invest in the UK market.”
DTZ acted for AEP; Strutt & Parker acted for Goodman.
chris.berkin@estatesgazette.com
