Frasers UK, a subsidiary of Singaporean investment giant Frasers Property, has sold Chineham Park, the 71-acre, 625,000-square-foot mixed-use business park in Basingstoke in Hampshire, CoStar News can reveal.
The buyer and price have not been disclosed but market sources said it was Anglesea Capital.
It is unclear what plans the investor has for the site but Anglesea Capital is strategically focused on UK logistics, operating throughout the risk and return spectrum ranging from new speculative developments to long-income core investments.
Since its formation in 2009, Anglesea Capital has bought over £2 billion of UK logistics real estate, and undertaken asset management on over 9 million square feet of floorspace across an aggregate portfolio in excess of 27.6 million square feet.
Chineham Park is a major office-led mixed-use business park, with an on-site gym, cafe and nursery. Tenants include Conair, TurtleBeach, InstaVolt and TD Synnex.
Frasers Property International, a subsidiary of Singaporean investment giant Frasers, bought the park in 2017 as one in a portfolio of four UK business parks for £686 million, reflecting a net initial yield of around 6.35%.
The acquisition comprised 4.9 million square feet taking in Chineham Park, the 1.5-million-square-foot Winnersh Triangle in Reading, Watchmoor Park in Camberley and Hillington Park in Glasgow.
It is understood the buyer was advised by Hollis Hockley.