Time changed and trend reversed. Instead of 砍红毛大菜头 SG Keppel 被红毛砍大菜头 Asian don't know how to exploit Ang Moh instead got exploited.
www.todayonline.com/business/keppel-land-buys-london-office-building-s186-million
Keppel Land buys London office building for S$186 million
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Published: 11:43 PM, February 9, 2015
SINGAPORE - Keppel Land has bought a freehold nine-storey office building in the City of London from Aberdeen Property Trust for £91 million (S$186 million), the Singapore developer said today (Feb 9).
The property, located at 75 King William Street, is near London’s historic and financial centre. Keppel said the investment will be managed by its fund management subsidiary, Alpha Investment Partners.
Keppel Land chief executive Ang Wee Gee said: “With continued growth in the financial services and new emerging industries such as the technology, media and telecommunications sectors, the London office market is expected to remain healthy.”
With a total internal area of 130,000 sq ft, the office building – completed in 1989 – is almost fully occupied by tenants in the financial services, shipping and serviced office industries, Keppel said.
“The above transaction is not expected to have any material impact on the net tangible asset per share or earnings per share of Keppel Land Group for the current financial year,” the developer added. – CHANNEL NEWSASIA
www.todayonline.com/business/keppel-land-buys-london-office-building-s186-million
Keppel Land buys London office building for S$186 million
View all comments
[Pin It]
Tweet
Published: 11:43 PM, February 9, 2015
SINGAPORE - Keppel Land has bought a freehold nine-storey office building in the City of London from Aberdeen Property Trust for £91 million (S$186 million), the Singapore developer said today (Feb 9).
The property, located at 75 King William Street, is near London’s historic and financial centre. Keppel said the investment will be managed by its fund management subsidiary, Alpha Investment Partners.
Keppel Land chief executive Ang Wee Gee said: “With continued growth in the financial services and new emerging industries such as the technology, media and telecommunications sectors, the London office market is expected to remain healthy.”
With a total internal area of 130,000 sq ft, the office building – completed in 1989 – is almost fully occupied by tenants in the financial services, shipping and serviced office industries, Keppel said.
“The above transaction is not expected to have any material impact on the net tangible asset per share or earnings per share of Keppel Land Group for the current financial year,” the developer added. – CHANNEL NEWSASIA
