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Ho Bee Land Ltd (HBEE.SI)

HBEE.SI on Stock Exchange of Singapore

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30 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Ho Bee Land sells Rose Court in London for £94.5 million
Wednesday, 8 Feb 2017 03:59am EST 

Ho Bee Land Ltd : Ho Bee Land sells rose court in london for £94.5 million . Unit Grandiose Investments Pte. Ltd. (GIPL) has entered into an agreement for sale of Rose Court in Southwark, London . Group intends to use sale proceed to reduce its borrowing .Sale will yield a net gain of approximately £4.5 million.  Full Article

Ho Bee Land acquires building in London
Monday, 30 Nov 2015 06:18pm EST 

Ho Bee Investment Ltd:Ho Bee Land acquires its sixth prime office building in London.Gross purchase consideration for the property is £99 million.Purchase of the property will be financed by internal funds and bank borrowings.Purchase not expected to have any material impact on the consolidated earnings per share for the financial year ending 31 December 2015.  Full Article

Ho Bee Investment Ltd acquires second west end London office
Monday, 3 Aug 2015 08:00pm EDT 

Ho Bee Investment Ltd:Ho Bee Land acquires second west end London office within a week.Says gross purchase consideration for the property is 45.8 mln pounds.Purchase of the property will be financed by internal funds and bank borrowings.10% cash deposit has been paid and balance will be payable in cash on completion which is scheduled in end Aug. 2015.Purchase not expected to have any material impact on the consolidated earnings per share for the financial year ending Dec. 31, 2015.Total gross annual passing rent is at 2.0 mln pounds per annum, reflecting an average rent of 77.77 pounds per square foot.  Full Article

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BRIEF-Ho Bee Land sells Rose Court in London for £94.5 million

* Unit Grandiose Investments Pte. Ltd. (GIPL) has entered into an agreement for sale of Rose Court in Southwark, London