Announced
Financials
Sources
Tags
United Kingdom
office buidling
Acquisition
Pending
Real Estate Holding and Development
Private
Majority
Cross Border
real estate assets
Friendly
Single Bidder
Real Estate
Synopsis
Gamuda, a Malaysian construction firm, and Castleforge Partners, a UK-based real estate private equity investor, agreed to acquire Winchester House London, the eight-storey commercial building in London, for £257m. The acquisition is part of its property development arm Gamuda Land’s quick-turnaround-project strategy, which aims to build a regional portfolio of real estate projects with high internal rates of return with investment time frames of five years or less.
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