According to Straits Real Estate CEO Desmond Tang, the acquisition of this portfolio, within the Gloucester Business Park, will help generate a “balanced blend” of recurring income at an attractive yield, and also potential upside from development.
“Following our acquisition of Bourne Business Park in Surrey, UK, we are delighted to acquire this portfolio of high-quality business assets in Gloucester Business Park as it fits our overall investment focus on new economy assets,” says Tang.
Straits Trading closed on June 29 at $2.88, down 0.35%.
