Sinarmas Land has revealed it is to acquire a property located on Lexington Street in London for GBP 57.28m. Ten percent of the transaction has been paid with the deal set to go through in early September. Sinarmas Land made a filing on the deal on the Singapore stock exchange where it is listed. The deal has been completed GE Real Estate. The property, which the company’s website says include 44,116 of office space and nearly 3,000 sqm of residential, is intended to help diversify the Indonesia-based company’s investment portfolio. The company’s projects include numerous commercial and residential schemes across Indonesia.
