Published:
Ho Bee acquires London West End office building for $98m
This is its second acquisition in just a week.
Ho Bee Land will acquire a prime office building in London’s West End for a total consideration of $98m (£45.8m).
The property is a 5-storey building which provides about 28,000 square feet of Grade A office accommodation.
This is its second acquisition in the area within a week.After accounting for rental guarantee and rent top ups, the nett price payable is about $95m (£44.6m).
A 10% cash deposit has been paid and the balance will be payable in cash on completion which is scheduled in end August 2015.
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