CDL buys landmark brewery site in UK for S$335m

Singapore

CITY Developments Limited, currently on an overseas diversification drive, is buying a landmark brewery site in Southwest London for £158 million (S$334.96 million).

The land parcel - located beside River Thames and 200 metres away from the rapid overland train link to Central London's mainline station Waterloo - was occupied by Stag Brewery, which is owned by leading global brewer AB InBev which was closed only recently.