M'sia developer mulls towers next to UBS HQ in London

[LONDON] AlloyMtd Group, the Malaysian infrastructure builder, is considering developing two towers adjacent to UBS AG's new headquarters in the City of London financial district.

The buildings would have about 19,500 square metres of office space, a hotel and 21,700 square metres of apartments, according to a filing by the Hackney borough.

The land plot was bought by AlloyMtd from UBS subsidiary Sun Street Properties Ltd last year for £57.5 million (S$118.5 million), according to a separate filing to the Land Registry.