Lum Chang buys Kelaty

Singaporean investor Lum Chang has agreed to buy Kelaty House in Wembley for £25.5 million from Londonewcastle.

The fully-let building sits on a one hectare site and has an extant consent for mixed use redevelopment of five buildings ranging from four to 13 storeys with uses including hotel, serviced apartments, student accommodation, and commercial space.

Lum Chang say they are reviewing options for the future.

 

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