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Stamford Land and chairman buy London office-and-retail building

Stamford Land paid about £156m for a 60% stake; the remaining 40% was bought by C K Ow of Ow Global

Tue, Jul 30, 2019 - 5:50 AM

The property at 8, Finsbury Circus has a net lettable area of about 180,000 sq ft. It has 10 floors of commercial office units with ancillary retail units. The seller is Mitsubishi Estate London.

PHOTO: STAMFORD LAND

Singapore

MAINBOARD-LISTED luxury-hotel operator Stamford Land Corporation has bought a 60 per cent stake in a freehold, Grade-A office-and-retail property in London, while Ow Global has acquired the remaining 40 per cent, for a total consideration of £260 million (S$441.2 million)....