Investing in London - Singapore Companies

Investing in London by Singapore Companies

In the past year, there have been a number of reports of Singaporean companies buying into London.  This blog post is to share a couple of such stories.

GIC Buys into London:
GIC reportedly paid $3.4bn for a 50% stake in a London office complex called Broadgate.  Where is this Broadgate? This link gives you more information.

The Broadgate complex is in the City of London.  According to CIMB Economist Song Seng Wun, "The Broadgate stake makes sense for GIC as a long-term strategic investment..."

What does this mean for small investors like us?
GIC believes, in the long term, they would be able to rent out the office face and make good money. Better still, their asset may be worth more in the future.  Why?  London is a global city, global financial center, a place where businesses want to be.  Office workers need a place to stay, right?

Ho Bee Buys Second London Property
Here is another example of a Singaporean company buying office space in London. Straits Times 8th March 2014 - Ho Bee buys second London property, paying $360mil for central Grade A office building space. Ho Bee Land says it has bought 1 St Martin's Le Grand as a long-term investment for recurring income.

Trivia - Ho Bee is best known for its Sentosa Cove developments.  Hmmmmm....

Have a good day!

Back to our welcome (content) page....

London Property Advertisements in Singapore 8 March 2014

Five advertisements for London Properties in the Straits Times, 8th March 2014.

Royal Wharf - www.royalwharf.com

This development is by Oxley (a Singapore developer) and Ballymore (a well-known UK developer).  This area of London used to be very run-down but there is a lot of development going on now. We heard from sales agents that there is huge interest for this development. 

 From the advert, this development is located in London NW9.  I can't find a website link to the development. Anyway, my view is that the location is too far out. We haven't paid much attention to this area of London so I have no further comments.

VISTA
Berkeley Homes is a very prestigious home builder in the UK.  Prices from £720,000.  Not surprising that they are developing what looks to be a very upmarket project. Personally, we stay out from developments like these because they do not meet our criteria of an every man's property.  That said, it is not necessarily a bad investment, if your appetite is for higher end properties in a central location.

Stratford Riverside
This advert also appeared in yesterday's papers.  We think Stratford is not a bad place to invest in.  Don't take our word for it, go do your research to convince yourself of the potential of this location.

London Baltimore Wharf
A Ballymore Development.  This also appeared in yesterday's papers.

Have a good day!