ComfortDelGro acquires UK property for $6.6 mil; new site to enable investment in development of new bus garage

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.

See also: CapitaLand Development sells 94.5% of LyndenWoods on launch day amid strong demand at an average of $2,450 psf

As at 2.20pm, shares in CDG are trading 3 cents lower or 2% down at $1.47.

Photo: ComfortDelGro