Sinarmas buys London office building for £259m
Add BT as a preferred source
Singapore
SINARMAS Land is strengthening its portfolio of investment properties in London with its acquisition of a freehold prime commercial building for £258.7 million (S$551.3 million).
It is buying Alphabeta Building from institutional investor Resolution Property - its third such commercial property purchase in London, following its acquisition of New Brook Buildings in May 2013 and Warwick House in September 2014. (It sold New Brook last December.)
TRENDING NOW
Two-thirds of Sentosa Cove resales in the red, with average loss topping S$1 million since 2023
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks
