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Singaporean Family Office, Others Smile On UK Retail Parks

Editorial Staff

13 October 2021

An Asia-based family office and real estate group are backing a strategy tapping into the UK retail parks sector that is seen as oversold and due to recover post-pandemic.

, the international real estate investment manager, has launched the strategy, aiming to raise $360 million (around $500 million). Straits Real Estate, the real estate investment subsidiary of The Straits Trading Company, and The Land Managers, the property investment arm of the , the property consultancy and estate agency, said of retail centres: "a number of investors are beginning to capitalise on counter cyclical buying opportunities for shopping centres, with £511 million ($695.2 million) transacted in the period , and activity expected to increase further as yields stabilise. High street retail accounted for £429 million of capital invested in the period, with buyers focused on unlocking the alternative use potential that exists in some locations, in particular the South East."