Hillington Park new owners set to build on success
The sale of Hillington Park to the joint venture between Oaktree Capital Management and Patrizia ag has been completed today as part of a £430m deal to purchase three mixed use parks from Hermes Real Estate.

Jamie Cumming, commercial director of Hillington Park, explains: “Hillington 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.”

More than five hundred businesses employing around 6500 people are already based at Hillington Park.

Hillington 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. The joint venture is now one of the largest owners of business parks in the UK.

Jamie Cumming added: “In addition to the new ownership accelerating our refurbishment and development plans at Hillington 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.”