Sinar Mas Land Buys London Office Building

UNITED KINGDOM – SML Strand, a subsidiary of Singapore-listed Sinar Mas Land, has inked a sale and purchase agreement to acquire an office building in central London from Land Securities Group for £195 million (US$240...

Lending For UK Office Properties Surge 48% In 2021

UNITED KINGDOM – Lending by financial institutions for commercial properties across the country recovered to pre-COVID levels in 2021, ending over a year of sluggish lending for commercial real estate because of the virus outbreak,...

Singapore’s GIC Buys 75% Stake In Paddington Central For £694m

UNITED KINGDOM – Singaporean sovereign wealth fund GIC has agreed to acquire a majority stake in the 11-acre Paddington Central estate, an office-led mixed-use campus in the London borough of Westminster, for £694 million, reported...

Occupancy Rate Of Workspace’s Serviced Offices Near Pre-COVID Levels

UNITED KINGDOM – With small- and medium-sized enterprises (SMEs) returning to their workplace, the occupancy level of serviced offices operated by Workspace are approaching pre-pandemic levels, according to separate reports from London South East and...

Firm Owned By HK Politician Buys London Office Bldg

UNITED KINGDOM – Manhattan Garments Group, which is controlled by former Hong Kong Liberal Party boss James Tien has acquired the 5 Fleet Place office building in the City of London for £191 million (US$250.6...

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