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Suntec Reit makes London foray with £430.6m acquisition of Nova devt
It is looking to buy a half stake in Nova from Canada Pension Plan Investment Board
Published Fri, Oct 9, 2020 · 09:50 PM
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Singapore
SUNTEC Real Estate Investment Trust's (Suntec Reit) manager is looking to acquire a half stake in London's Nova development from Canada's pension fund, based on an agreed property value of £430.6 million (S$766.5 million).
The Nova development consists of two Grade A office blocks with ancillary retail - Nova North and Nova South - as well as The Nova Building, a primarily residential asset.
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