Singapore Warehouse Company buys interest in London property

It comprises seven floors of office accommodation.

The property is currently fully leased and produces an annual gross rental income of approximately $2.10 million.

Hwa Hong Corporation Limited said its wholly-owned subsidiary Singapore Warehouse Company (Private) Ltd. acquired 500 shares in the share capital of Capital Herbal Limited, representing 50 percent of CHL's total issued and paid-up share capital. 

Here's more from the announcement:

On 8 April 2016, CHL entered into an agreement with an unrelated third party, CGIS Herbal Hill Ltd., to acquire a freehold property located at 3 to 7 Herbal Hill, Clerkenwell, London EC1, United Kingdom for a total cash consideration of GBP24.8 million (equivalent to approximately SGD47.37 million) and upon the terms and conditions of the Agreement.