IBI Announces Acquisition of Strategic Property Investment in Europe
HONG KONG, May 27, 2022 - (ACN Newswire via SEAPRWire.com) - IBI Group Holdings Limited ("IBI" or the "Group"; Stock Code: 1547), an investment holding company which specialises in the built environment including subsidiaries providing contracting services, distribution of high-tech and innovative building products including energy efficient lighting and air quality monitoring devices, has concluded the acquisition of a strategic property investment in Dublin, Ireland ("Acquisition"), through its indirect subsidiary, IBI International Investment Holdings Limited ("IBI International Investment" or the "Company") at the consideration of approximately HK$113 million. IBI has acquired Adelaide Chambers within the heart of Dublin city centre's central business district for strategic investment purposesThe Group has been looking in detail at a wide range of investment opportunities to generate stable cash flow and income. The Acquisition is a multi-tenanted period building located at Adelaide Chambers, Adelaide Square, Peter Street, Dublin 8, Ireland ("Property") within the heart of Dublin city centre's central business district, situated 400-metres West of St. Stephens Green. With a 4-s...
