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Ho Bee acquires London property for £99 million

Chairman says acquisition is unique as it offers group recurrent income till 2023 lease expiry

Published Tue, Dec 1, 2015 · 09:50 PM

Singapore

HO BEE Land has acquired a freehold property known as Apollo House and Lunar House in London for a gross consideration of £99 million (S$210 million), its third major office acquisition this year.

A sale and purchase agreement was inked between its indirect wholly owned subsidiary Kempster Investments and Lunar House Limited for the former to acquire the freehold property in Croydon, London's largest borough by population.

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