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Announced

Gamuda and Castleforge Partners to acquire Winchester House London for £257m.

Financials

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Transaction Value£257m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United Kingdom

office buidling

Acquisition

Pending

Real Estate Holding and Development

Private

Majority

Cross Border

real estate assets

Friendly

Single Bidder

Real Estate

Synopsis

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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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