Perennial turns to court amid rift with Pontiac over Capitol Singapore

Singapore

DISAGREEMENT between the co-owners of Capitol Singapore - an integrated development located at the junction of Stamford Road and North Bridge Road - over some key issues relating to the project have resulted in Perennial Real Estate Holdings Ltd (Perennial) seeking court action to wind up three associated companies.

The three associated companies - Capitol Investment Holdings, Capitol Retail Management and Capitol Hotel Management - are equally owned by Perennial (through Perennial Capitol and New Capitol) and Pontiac Land (through Chesham Properties).

These Capitol entities hold the assets of Capitol Si…