Metro JV to acquire London office property for $148 mil

SINGAPORE (Jan 23): Metro Holdings has formed a 50:50 joint venture with Singapore-based Lee Kim Tah Group to jointly acquire a freehold office property at 5 Chancery Lane in London for a total of £80.8 million ($148.2 million).

The total purchase consideration includes the related stamp duty as well as estimated fees and expenses amounting to £4.75 million.

The property is a freehold office building with 84,836 sq ft of office and ancillary facilities arranged over eight floors.

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