Singaporean investor Mapletree has completed its acquisition of Oxford Properties Group’s Green Park for £563m.
Oxford will continue to act as asset manager on the Reading complex until the end of the year.
The 195-acre Green Park, near junction 11 of the M4, is one of the largest business parks in Europe and comprises 19 buildings.
Occupiers include Chinese technology company Huawei, defence firm Thales and drinks giant PepsiCo.
Oxford Properties, the real estate arm of Canadian pension fund OMERS, acquired the park in 2011 for £400m from M&G Real Estate.
The deal comes soon after Oxford Properties worked with another property company backed by the Singaporean government.
In October last year, Oxford Properties entered into a joint venture with Temasek Holdings to buy the Blue Fin Building, SE1, for £415m.
Oxford was represented by Eastdil Secured, Cushman & Wakefield and DLA Piper. Campbell Gordon, Cushman & Wakefield act on behalf of Oxford Properties at Green Park as leasing agents.
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