Asset Acquisitions and Disposals::ACQUISITION OF A FREEHOLD 9-STOREY MIXED USE BUILDING AT 120 HOLBORN, MIDTOWN, LONDON EC1 N2TD, UK

Issuer & Securities

Issuer/ Manager
UOL GROUP LIMITED
Securities
UOL GROUP LIMITED - SG1S83002349 - U14
Stapled Security
No

Announcement Details

Announcement Title
Asset Acquisitions and Disposals
Date &Time of Broadcast
30-Sep-2016 18:54:04
Status
New
Announcement Sub Title
ACQUISITION OF A FREEHOLD 9-STOREY MIXED USE BUILDING AT 120 HOLBORN, MIDTOWN, LONDON EC1 N2TD, UK
Announcement Reference
SG160930OTHRZOC1
Submitted By (Co./ Ind. Name)
Foo Thiam Fong Wellington
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
The Board of Directors of UOL Group Limited wishes to announce that it has, through its newly incorporated 50%-owned associated company, United Venture Investments (HI) Pte. Ltd., entered into a sale and purchase agreement to acquire all interest in and estate to Holborn Island, a freehold 9-Storey mixed use building located at 120 Holborn, Midtown, London EC1 N2TD, United Kingdom at a consideration of GBP229.6 million, subject to usual post-completion adjustments.

Please see attached detailed announcement.

Attachments

UOL_Acquisition_of_120_Holborn.pdf
Total size =141K