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Hwa Hong acquires UK property for £24.6m

Published Thu, Dec 11, 2014 · 09:50 PM
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Singapore

HWA Hong Corporation has, through a wholly owned unit, acquired a 70 per cent stake in Capital Eagle Limited (CEL), a UK company whose principal activity is property investment. In a regulatory filing with the Singapore Exchange, investment holding firm Hwa Hong said its subsidiary Vantagepro Investment Limited (VPL) acquired the CEL stake, with the remaining 30 per cent interest held by unrelated parties, including Langland Estates Limited.

CEL had on Wednesday acquired a freehold retail and commercial property in Holborn in central London for £24.6 million (S$50.7 million). It entered into an agreement with Clova No. 1 Limited and Clova No. 2 Limited to acquire the property spanning 30,533 sq ft and comprising five floors of offices and street-level retail shops.

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