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IJM buys 143-year lease of London’s Finsbury Circus for RM407.9m, eyes UK expansion

Malay Mail LogoMalay Mail5h ago

IJM buys 143-year lease of London’s Finsbury Circus for RM407.9m, eyes UK expansion - Malay Mail

Quick Summary:

KUALA LUMPUR, March 12 — IJM Corporation Bhd has secured a 143-year leasehold interest in the historic 1-5 London Wall B...

The redevelopment would increase the building’s total footprint by 26 per cent, from 300,453 sq ft to 378,060 sq ft of gross internal area (GIA), with 251,000 sq ft of net lettable area (NLA) across two basement levels, ground, and eight upper floors.

With full planning consent already obtained, the property is set for a major £150 million refurbishment and reconfiguration that would enhance its commercial appeal while preserving its architectural heritage.“The fully tendered construction contract ensures that work would commence immediately, with completion expected within 36 months,” it said.

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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-12 @ 18:15:47 (5 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 278 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Malay Mail

News ID: 26917456

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About Malay Mail

Malay Mail Logo

Main Topics: EconomyBusiness

Official Website: malaymail.com

Update Frequency: 7 posts per day

Year Established: 1896

Headquarters: Malaysia

News Last Updated: 5 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #106

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The story "IJM buys 143-year lease of London’s Finsbury Circus for RM407.9m, eyes UK expansion" was covered 5 hours ago by Malay Mail, a news publisher based in Malaysia.

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  • URL: https://chronographically.beamstart.com/news/ijm-buys-143-year-lease-17417750104970

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