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UOL buys first major development site in London

Published on Aug 14, 2014 9:52 AM

SINGAPORE - UOL Group has bought a land site in London for its first major development in Europe.

The Singapore-listed property developer bought Heron Plaza in Bishopsgate from Heron International, the two companies said in a joint statement on Thursday.

UOL can build a luxury hotel, residential and retail development of up to 43 stories on the Heron Plaza site, the statement said. The project can comprise about 562,000 sq ft of gross floor area.

UOL will operate the planned five-star luxury hotel under its Pan Pacific brand.

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