KUALA LUMPUR: SELANGOR DREDGING BHD []'s (SDB) associate is buying a four-storey building along Kensington High Street, Lodon for ''9.82 million (RM48.34 million).
SDB said on Thursday, March 10 that SDB Guernsey Ltd had entered into a contract with Pat Hurley, Adrian Copeland, Michael Farrell and Richard Lehane as trustees for The Kensington High Street Syndicate to acquire the property.
It said the property was currently rented to HSBC Bank Plc on a 15 year lease expiring on Feb 20, 2020. The current rent is ''410,000 per annum.
SDB said on Thursday, March 10 that SDB Guernsey Ltd had entered into a contract with Pat Hurley, Adrian Copeland, Michael Farrell and Richard Lehane as trustees for The Kensington High Street Syndicate to acquire the property.
It said the property was currently rented to HSBC Bank Plc on a 15 year lease expiring on Feb 20, 2020. The current rent is ''410,000 per annum.
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