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Perennial, partners sell majority stake in TripleOne Somerset for S$350m

Friday, January 27, 2017 - 05:50


PERENNIAL Real Estate Holdings has led a consortium of vendors to sell a 70 per cent stake in TripleOne Somerset to Hong Kong-listed Shun Tak Holdings for S$350 million.

The deal will allow four Singapore-listed companies to recognise about S$86 million of gains.

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