Wing Tai Properties Ltd (ASX: 00369) has announced a proposed property sale.
The company disclosed that its wholly-owned subsidiary, New Ego Limited, has entered into an agreement to sell a freehold property located at 1 Savile Row, London W1S 3JR, with title number 164977, to NPLH SVR Ltd for a consideration of £31 million.
The property comprises prime office and high-end retail space, with a net internal area of approximately 14,000 square feet.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.