UK-based investment to financial services company FIH Group PLC is nearing to acquire a 2.5-acre industrial estate in Leyton, East London.
FIH Group intends to pay 19.4 million pounds ($24.8 million) for the industrial property.
FIH Group will fund the property acquisition using part of its own cash reserves and by drawing down new secured mortgage facilities.
The acquired industrial site consists of five warehouses, operated by its handling subsidiary Momart.