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BRIEF-Asian Growth Properties buys London property for 154 mln stg
November 7, 2016 / 6:01 PM / a year ago

BRIEF-Asian Growth Properties buys London property for 154 mln stg

Nov 7 (Reuters) - Asian Growth Properties Ltd

* Purchased entire issued units in trust that owns property known as 20 Moorgate, London, EC2R 6DA for total of about 154 million stg

* Funded deal from its existing cash resources and a new five year term loan facility of about 100 mln stg from HSBC

* Acquisition represents a net initial yield of 4.4 pct Source text for Eikon: Further company coverage: (Bengaluru Newsroom)

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