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Hotel Properties buys 2 London buildings

HPL's stake in the investment vehicle BQJ is to be funded through third-party loan financing and internal resources

Published Sun, Mar 29, 2015 · 09:50 PM

Singapore

HOTEL Properties Limited (HPL) said on Saturday that its indirect wholly-owned subsidiary has acquired a 30 per cent interest in a newly-formed company, Bankside Quarter (Jersey) (BQJ).

BQJ has in turn purchased the freehold interests in two properties in London for £308 million (S$627.4 million) from the private equity firm, The Carlyle Group. The properties are Ludgate House and Sampson House, both located in Bankside in the London borough of Southwark.

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