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Suntec Reit sells Park Mall; strikes redevelopment JV

Property sold for S$411.8m; Reit takes 30% stake in JVCo

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Suntec Real Estate Investment Trust is selling Park Mall to Park Mall Pte Ltd for S$411.8 million

Singapore

SUNTEC Real Estate Investment Trust is selling Park Mall to Park Mall Pte Ltd for S$411.8 million, said ARA Trust Management (Suntec), the manager of Suntec Reit, on Monday.

The Reit acquired Park Mall, which is an integrated office, lifestyle and home furnishing mall

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