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UK: Hong Kong-based investment holding company TROOPS, Inc. has signed a non-binding Memorandum of Understanding to acquire a UK property portfolio valued at around £40 million.
The move marks the company’s first step into European real estate and is designed to strengthen its presence in the coliving and coworking sectors.
The portfolio acquisition will be settled through a combination of cash and TROOPS shares, and aims to diversify the company’s assets by introducing stable, rental income-generating properties alongside its existing operational ventures.
TROOPS has recently made significant moves in Asia, investing in a Malaysian coliving operator and acquiring a 49 per cent stake in a coworking space in Taiwan.
A TROOPS spokesperson said: “This acquisition is about creating a balance. We’re building a global platform that combines high-growth, operational assets in Asia with income-generating holdings in the UK. This approach spreads our risk and opens up opportunities for cross-market collaboration.”
The company said its strategy is to develop fast-growing, service-driven residential and workplace operations in Asia with long-term, stable returns from UK property investments.
TROOPS said it also sees potential for bringing its coliving and coworking concepts to the UK market in the future.
The acquisition is still subject to due diligence and final agreements. If completed, it will add to TROOPS’ growing portfolio of residential and flexible workspace developments.
Highlights:
– TROOPS, Inc. has signed a non-binding MOU to acquire a £40m UK property portfolio.
– The acquisition will add stable rental income to the company’s global operations.
– TROOPS has recently invested in a Malaysian coliving operator and taken a 49 per cent stake in a Taiwanese coworking space.
– The deal will balance its Asian operational ventures with UK income-generating assets.
– The transaction remains subject to due diligence and final agreements.
