Singapore-based fund manager AEP Investment Management has invested £130m in six UK business park properties.
The Shariah-compliant fund manager bought Trident Place in Hatfield Business Park from Goodman.
The 472,000 sqft asset includes six self-contained office blocks let to telecommunications group EE.
The property appealed to the company for its strong lease covenants, said John Mundy, senior principal at AEP.
Mundy said the property fits into AEP’s aim to build a portfolio in the UK, as well as potentially across continental Europe.
In early 2012, the company’s Securus Fund, which focuses on data centres, bought a property in south east London.
AEP is backed by Saudi Arabia’s Al Rajhi family.
