IGB Corp JV invests RM314m in London property

  • Business Premium
  • Friday, 09 May 2014

KUALA LUMPUR: IGB Corporation Bhd's 50:50 joint venture company Black Pearl Ltd is buying Blackfriars Ltd, which owns property in southwest London.

IGB said on Friday, its unit Verokey Sdn Bhd would finance its 50% investment in Blackfriars by advancing up to £57.131mil (RM314.79mil) to Black Pearl as part payment.

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