SINGAPORE (Yosefardi) – Sinarmas Land Limited’s subsidiary SML Jersey Brook Pte Limited and SML Brook Partners Pte Ltd have on 11 December 2014 entered into an agreement for the sale of the property known as New Brook Buildings for GBP113.4 million, equivalent S$233.72 million.
The property is a freehold Grade A office building consisting of a 12-storey tower connected to a 9-storey wing.
As of September 2013, its assets totaled S$3.67 billion while liability amounted S$1.29 billion. The company has cash and cash equivalents of S$653.99 million.
Investment properties increased by $276.8 million to $436.7 million as at 30 September 2013 following the acquisition of a freehold office building in the West End London, United Kingdom, as well as freehold land and buildings in Kuningan and Semarang, Indonesia.