Rupert Batho, managing director of Chineham Park, explains: "Chineham Park is one of the region's success stories, with a strong track record for attracting and retaining businesses. The purchase by Oaktree and Patrizia is an exciting step in the next phase of the Park's evolution and with the existing management team transferring to the new ownership, we have the best team in place to build on the Park's pedigree."
Chineham Park joins Winnersh Triangle, Reading and Watchmoor Park, Camberley in Patrizia's and Oaktree Capital Management's joint venture portfolio which also owns a range of commercial property including offices and large mixed-use business parks. For over 30 years, Patrizia has been actively involved in 10 countries and has a team of 700 dedicated staff in the fields of residential real estate and commercial property. This joint venture is now one of the largest owners of business parks in the UK.
Rupert adds: "In addition to the new ownership accelerating our refurbishment and development plans at Chineham Park, I can guarantee that, for our customers, it will be very much business as usual. Our hands-on style of management allows quick and flexible decision making, contributing to our enviable retention rates and enduring appeal for smart business."
