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

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.