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05-08-2012, 10:07 AM
Yes, but the management of GL is not doing anything to unlock value like what you say earlier...
No sale, not wanting to put into reit....whatever is there, is just there and dividend is only around 2 cents per year....
Metro 6 cents and St****** 4 cents......with potential of sale and spin into reits to unlock share holder value......
What has GL got that are better than metro and St******???
No sale, not wanting to put into reit....whatever is there, is just there and dividend is only around 2 cents per year....
Metro 6 cents and St****** 4 cents......with potential of sale and spin into reits to unlock share holder value......
What has GL got that are better than metro and St******???
(05-08-2012, 09:40 AM)propertyinvestor Wrote: SINGAPORE--CapitaLand Ltd.'s (C31.SG) serviced-residence arm Ascott Ltd. said Friday it has agreed to buy the Cavendish London hotel in the U.K. capital for 158.8 million pounds sterling ($248.2 million).
Ascott will manage the 230-unit hotel from the fourth quarter of 2012 and rename the property Ascott St. James London, the Singapore-based company said in a statement.
The Cavendish London, located in the Mayfair area, will become Ascott's seventh property in central London.
Ascott, a unit of Southeast Asia's largest developer by market value, has about 22,000 serviced residences in operation worldwide and is currently developing over 8,000 more units.
Thats around 680k pounds per room