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Lum Chang JV to sell part of stake in UK freehold land

Sale by Kelaty Propco, for £28.14m, pertains to the student accommodation component at London site

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Nisha Ramchandani

Nisha Ramchandani

Published Mon, Aug 27, 2018 · 09:50 PM

Singapore

LUM Chang Holdings' joint venture company Kelaty Propco (KPL) has entered into a sale and purchase agreement with Kelaty House Wembley to sell part of its interest in a freehold site in London for £28.14 million (S$49.25 million).

The land at Wembley consists of a serviced residence component and a student accommodation component, both of which are being developed.

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