Buxani Group buys 117-room hotel in Glasgow
This is the first UK purchase for the S'pore-based firm, which is eyeing more 3 & 4-star hotels in UK, Europe
Singapore
SINGAPORE-BASED property investment firm Buxani Group has bought its first property in the United Kingdom, a 117-room hotel in Glasgow, for £10 million (S$18 million).
While this is a modest investment, it is likely to be the first of more to come for the group in the UK as well as other parts of Europe.
"We are aiming to buy more three- and four-star hotels across the UK as well as in Europ…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
DBS puts 46 retail units, HDB shops on market for S$210 million
US mortgage rates jump above 7% for the first time this year
Far East Shopping Centre back on market at unchanged S$928 million asking price
London mansions sold at 30% discount spell gloom for luxury market
Delfi Orchard up for collective sale at S$438 million guide price
US existing home sales drop in March; median price increases