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Property disposal doesn't signal London market exit: Sinarmas

"Opportunistic" sale triggered by good offer; company plans to recycle proceeds into more London acquisitions

Mr Ng said "you could buy something with a higher yield, and sell something with a lower yield - like what we've done. We bought this building at 5.75% yield and sold it at 4.75%".


SINARMAS Land's disposal of a Grade A office building in London's West End last Friday, just one-and-a-half years after acquiring it, appeared like a move contrarian to the red-hot sentiment in the London commercial property market, where capital values are expected to