Singapore investor buys London asset
Singapore-based United Venture Investments, managed by UOL Group, has agreed to buy 120 Holborn Island in London from Holborn Management Ltd. and 120 Holborn Propco for £229.6 million ($290.7 million).
The property at 120 Holborn Island comprises an island site with a nine-story mixed-use property in Farringdon, London. Tenants include Whitbread Group, Trainline and Secret Escapes.
United Venture Investments is a 50-50 joint venture company incorporated in Singapore by UOL Venture Investments, a wholly owned subsidiary of UOL Group, and UIC Overseas Investments, a subsidiary of United Industrial Corp.
Earlier this year, UOL Group acquired the nearby office property The Eye at 110 High Holborn for £98.75 million ($125.03 million) from UBS Central London Office Value-Added Fund. And in August 2014, UOL Group acquired