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Friday, May 18, 2012

Amcorp Properties sells London flats

PETALING JAYA: Amcorp Properties Bhd is selling an apartment development in London, England for £9.3mil (RM46mil) to International Trading Group (Holding) SAL and Universal Distributors Holding SAL.

Amcorp Properties told Bursa Malaysia it agreed on Wednesday to sell its subsidiary Riverich Ltd, which owns a freehold 10-apartment unit development at 101 Lexham Gardens, London.

Riverich had bought the development in December 2010 for £7.3mil (RM35.9mil) cash.

By The Star

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