SINGAPORE (Aug 24): Ho Bee Land has been diversifying away from Singapore and into Europe, China and Australia. In June, the property group made its latest acquisition, paying $1.16 billion for Ropemaker Place in London.
Located less than 200m away from the London Crossrail Moorgate Station, the 602,000 sf building generates $53.8 million of annual rental income and has an average lease-to-expiry of 10.5 years.
With this acquisition, Ho Bee’s investment property portfolio rose to $4.3 billion with UK accounting for 56% of revenue geographically.
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