UOL completes second purchase of London property
Group hedged against currency fluctuation as property borrowing is in sterling, says spokesman
Singapore
PROPERTY developer UOL Group has completed its purchase of 110 High Holborn in London, just days ahead of a referendum on June 23 when Britain goes to the polls to vote on whether to stay in the European Union.
The acquisition of the property for £98.7 million (S$188.4 million) - subject to post-completion adjustments - was made through its wholly owned subsidiary Success Venture Property Investments.
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