I recently updated Ho Bee Q3 results here for those who are interested in the counter. Today, they once again made an announcement that they have made their 6th acquisition of prime office building in London. It is a freehold property named Apollo House and Lunar House located at Croydon, London and they were purchased for a total consideration of £99 million, which is equivalent to about S$210 million. The good thing about the property is they have a long WALE lease currently let out to the British government until 2023. The current rent reflects a very low average rent of £12.50 psf, which they believe is highly reversionary once the annual rent review is done at the end of the year. This represents a net property yield of 5.35% which is set to go up over time. The management has not provided further ......