SUBSCRIBERS

CDL acquires London commercial building for £183m

The purchase of Aldgate House, beside Aldgate tube station, is part of focus on growing recurring income in gateway cities

Janice Heng

Published Fri, Sep 14, 2018 · 09:50 PM

Singapore

CITY Developments Limited (CDL) announced on Friday that it had acquired a prime freehold Grade A commercial building in London for £183 million (S$328 million).

The acquisition of Aldgate House, beside Aldgate Underground Station, in the district of Aldgate is "part of its focus on expanding recurring income in global gateway cities", CDL said.

Aldgate House has office, retail and ancillary spaces over two basements, ground, mezzanine and eight …

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes