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Ho Bee Land in talks to buy London's The Scalpel office tower for $1.5 bil

Felicia Tan
Felicia Tan2/23/2022 10:44 AM GMT+08  • 1 min read
Ho Bee Land in talks to buy London's The Scalpel office tower for $1.5 bil
Ho Bee Land called for a trading halt in the morning of Feb 23. Before that, shares in the group last traded at $2.80.
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A report by the Financial Times reveals that Ho Bee Land will be buying London’s famed The Scalpel office tower for £820 million ($1.5 billion).

According to the report dated Feb 22 (US time), The Scalpel’s owner, US insurance group, WR Berkley, is in talks with the SGX-listed Ho Bee Land.

The deal could be signed off as soon as this week, according to sources. A sale at the price represents a yield of just below 4%.

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