SUBSCRIBERS
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.
Copyright SPH Media. All rights reserved.
