Gamuda and Castleforge to acquire Wessex Winchester Propco for RM1.39bil

KUALA LUMPUR: Gamuda Bhd, in partnership with Castleforge Partners Ltd via Venta Belgarum II Ltd Partnership (VB II), signed a sale and purchase agreement to acquire 100 per cent equity interest in Wessex Winchester Propco Ltd (Prop Co), owner of Winchester House, for a total cash consideration of £257 million (RM1.39 billion) from Wessex Winchester Ltd Partnership.

VB II is a 75:25 development partnership where Gamuda holds the higher stake, formed between the wholly owned subsidiary of Gamuda in Labuan namely, Gamuda Land (Labuan) Ltd and Castleforge’s 100 per cent partnership entity, Athelstan Ltd.