Mapletree secures largest UK real estate acquisition
We have advised Singapore's Mapletree Investments on the acquisition of the 79 hectare Green Park in Reading, Berkshire one of Europe's leading business parks. The transaction is the largest regional business park acquisition in the UK in 2015/16.
The Baker & McKenzie team was led by London-based Head of Real Estate Stephen Turner, together with Corporate Partner James Burdett and Tax Partner James Smith.
Commenting on the real estate aspects of the deal, Stephen Turner said: "This is Mapletree's largest single acquisition in the UK to date and we are very pleased to have helped them in this marquee transaction. The asset provides both an income steam and an attractive mix of future development opportunities. We fielded a multi-disciplinary team to meet the demands of the transaction and we met with the client both in London and Singapore. It is a further demonstration of our international presence and local expertise and confirms our position as a market leading advisors to overseas investors".
Mapletree is a leading real estate development, investment and capital management company headquartered in Singapore.
In addition to this transaction, the Firm also advised Mapletree on its acquisition of Diageo's UK Headquarters at Park Royal, completed in 2015.