Mapletree Investments is in discussions to buy Green Park near Reading, Berkshire, from Oxford Properties for £500m.
Oxford Properties will continue to asset manage the 3m sq ft business park until the end of 2016 to ensure a smooth transition of the management and operations. Occupiers have been informed of the change in ownership.
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 Huawai, 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.
Last year, Oxford Properties appointed Eastdil Secured to seek a £300m refinancing of the park, but that process has now been superseded.
The deal is the second in quick succession in which Oxford Properties has worked with a 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.
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