US real estate firms Hines and Oaktree Capital Management have acquired the Maxis office campus in the English town of Bracknell.
US real estate firms Hines and Oaktree Capital Management have acquired the Maxis office campus in the English town of Bracknell.
The vendor was administrators Grant Thornton and the financial details were not disclosed. Bracknell is a town in Berkshire, and is located 48 km west of central London. The town is home to a number of multinational companies including Panasonic, Fujitsu, 3M, Hewlett Packard and Dell.
Maxis is a 3.2-hectare office campus situated prominently on the Western Road in Bracknell, overlooking Farleymoor Lake. The property comprises two five-story, Grade A office buildings totalling 18,600 m2 plus a site for a 7,340 m2 office development.
Oaktree is a global investment manager specialising in alternative investments, with $79.8 bn (€58 bn) of assets under management.
Hines has advised on more than 186,000 m2 of projects acquired, completed or in the pipeline in the UK with a total UK portfolio under management valued in excess of £1.6 bn (€1.1 bn).
The company’s London portfolio of assets under management includes: city offices Cannon Place, Broadgate West and One Bartholomew Lane; Dockland’s One Westferry Circus; and Midtown’s 280 High Holborn and Stonecutter Court. The firm's assets outside the capital include the Brindleyplace Estate and Two Snowhill in Birmingham, and the Landmark development site in Manchester.
