Straits Trading expands its footprint in the United Kingdom

Straits Real Estate, a subsidiary of The Straits Trading Co., has plans to acquire a portfolio of office and industrial buildings and several plots of development land in Gloucester Business Park for about £130.0 million (€150 million/$156 million).

Gloucester Business Park is one of the leading business parks in the United Kingdom and the dominant business park in Gloucestershire, England. Covering more than 276 acres, the business park has a strong mix of office, industrial and logistics properties supported by strong retail and commercial offerings. The plots being acquired represent the last remaining development plots within the park.

The business park is well connected to key transportation nodes with direct access from Junction 11A along the M5 Motorway linking Birmingham to the north, Bristol to the south, and London to the east via the A417 trunk line that leads to the M4 Motorway. With a parking ratio of 1 per 187 square feet, parking is an draw for