Artist impression of the 15-storey Landmark House in London,which will be redeveloped.
KUALA LUMPUR: Eastern & Oriental Bhd (E&O) says Britain's exit from the European Union (Brexit) will not have any negative impact on the total net realisable value of its properties in the UK.
The property company announced to Bursa Malaysia on Wednesday it had invested in London early on before property prices rose sharply there.
E&O pointed out the ringgit to pound sterling average exchange rate was also lower than today.
“Our bank borrowings are conservative with a low loan to value ratio. Our properties are located in prime locations that remain very much in demand with positive sales prospects.
“Brexit would not have any negative impact on the total net realisable value (total value of properties less total bank borrowings) of our properties in the UK,” it said.
