ComfortDelGro Limited (CDG) has acquired a property in Brentford, London, in the UK, from Waterside Places for a total consideration of £3.6 million ($6.6 million).
The property was acquired by Metroline, CDG’s wholly-owned but indirect subsidiary incorporated in the UK on Nov 25.
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Waterside Places is a general partner of Waterside Places Limited Partnership and Waterside Places (GP Nominee), which is a joint venture between Muse Developments and the Canal & River.
According to CDG, the transaction will add a new site to its holdings in London and enable the business to invest in the development of a new bus garage.
The transaction has no material impact on the company’s net tangible assets (NTA) or earnings per share (EPS) for the financial year ending Dec 31.
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As at 2.20pm, shares in CDG are trading 3 cents lower or 2% down at $1.47.
Photo: ComfortDelGro
