AMTD Idea's Units to Acquire London Office Tower for $17 Million

MT Newswires06-03

AMTD Idea's (SGX:HKB) units, AMTD Digital and The Generation Essentials Group, signed definitive agreements to acquire an office tower in London for $17 million, according to a Tuesday filing with the Singapore Exchange.

The acquisition of the 9,646-square-meter building is expected to be completed without using external funding.

The building comprises a Grade A office and accommodation across several levels and will serve as the company's global headquarters once the acquisition is completed.

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