IBI Announces Acquisition of Strategic Property Investment in Europe
HONG KONG, May 27, 2022 - (ACN Newswire) - 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.
- HONG KONG, May 27, 2022 - (ACN Newswire) - 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.
- The Group has been looking in detail at a wide range of investment opportunities to generate stable cash flow and income.
- With a 4-storey over basement and modern 4-storey extension to its eastern side, the Property provides over 19,600 sq.
- Leveraging our strong financial position, we believe the Acquisition is an excellent opportunity for IBI to enter the property investment sector in Ireland, one of Europe's major commercial and tourist centres.