There has been a change of advisers at several of South East England's key office campuses with Mapletree shaking the roster up at Reading's landmark Green Park and its Singaporean investment peer Frasers rejigging its advisers on its office campuses in the region, CoStar News can reveal.
At Green Park, Mapletree has replaced long-term advisers Cushman & Wakefield and Campbell Gordon with Hollis Hockley, Hatch Real Estate and Savills.
Singapore's Mapletree completed its 100% acquisition of Green Park from Oxford Properties for around £563 million in May 2016. The 195-acre business park comprises 1.4 million square feet of offices across 19 buildings and has secured a string of major lettings recently including to The Wood Group, Atomic Weapons Establishment and the Global Combat Air Programme – a joint initiative between the UK, Japan and Italy that is developing a next-generation combat aircraft, in deals revealed by CoStar News.
In turn, Frasers has replaced Hollis Hockley at its office campuses in the South East. Cushman & Wakefield replaces the adviser at Winnersh Triangle in Wokingham near Reading and at Maxis in Bracknell. JLL replaces the adviser at Farnborough business park.
Frasers Property International, a subsidiary of Singaporean investment giant Frasers, bought a portfolio of UK business parks for £686 million, reflecting a net initial yield of around 6.35%, in 2017.
The acquisition comprised 4.9 million square feet taking in Chineham Park in Basingstoke, the 1.5-million-square-foot Winnersh Triangle, Watchmoor Park in Camberley and Hillington Park in Glasgow. It completed its acquisition of Maxis in August 2018 for £67.73 million in a separate deal. It bought Farnborough Business Park for £174.6 million from Harbert and XLB in 2018.
CBRE, which was appointed alongside Hollis Hockley across Frasers Property UK 's 3.5 million-square feet UK business parks portfolio in 2020, remains in situ.
Availability of "new and refurbished, best-in-class offices" has hit an all-time low across the South East of England as occupier demand focuses almost entirely on prime buildings, according to first-quarter research from Knight Frank.
Knight Frank data shows that 680,000 square feet of offices was transacted in the first quarter of 2026, an 1.2% increase on the final quarter of 2025, extending what it terms the region’s strongest run of leasing activity since 2019.
Knight Frank says the "defining shift" is in the composition of demand, with 580,000 square feet of first quarter take-up transacting within new or refurbished Grade A developments, accounting for 85% of all activity. It said this confirms that the “flight to quality” has fully evolved into a "structural concentration of demand in modern, ESG-compliant buildings".