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Ho Bee still keen on London properties despite Brexit

Its sale of Rose Court will yield a net gain of about £4.5 million - to be used to reduce its borrowings

Singapore

PROPERTY group Ho Bee Land's chairman says the group is still keen on buying investment properties in London - despite announcing a sale of its Rose Court freehold office block in Southwark for £94.5 million (S$167.2 million) on Wednesday.

"We believe its fundamentals as a global financial city remain sound despite Brexit," said Chua Thian Poh, who is also Ho Bee's chief executive.

Explaining why the group decided to sell Rose Court, he noted that as the lease for the entire building with...

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