GR Properties (00108) said it agreed to purchase a property in London at GBP134.5 million (equivalent to about HK$1,385.35 million).
The property is located at 100 St Pauls Churchyard, London, the UK. It is a grade A commercial building with a net lettable floor area of about 123,781 square feet, among which the office accommodation, the retail accommodation, and the ancillary and storage area have a net lettable floor area of 100,774 square feet, 20,083 square feet and 2,924 square feet respectively. The property comprises a lower ground floor, a ground floor and five upper floors, basement storage and twenty car park spaces.
GR Properties currently intends to hold the property for investment purpose to receive rental income and plans to engage a local professional property manager to manage the property and leases.
16/11/2017 10:52
GR Properties (00108) to buy London commercial building
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