Valencia's old stadium excites Rowsley

SINGAPOREAN magnate Peter Lim's takeover victory of Spanish football club Valencia could potentially give Rowsley, a Singapore-listed firm he controls, a clear shot at redeveloping the old stadium which sits on prime land.

Rowsley chief executive officer Lock Wai Han told BT in an interview - his first since he took over Rowsley's helm six months ago - that the firm is indeed eyeing several openings that have arisen now that one of Europe's top football clubs is in Mr Lim's bag.

Top on Rowsley's wish list is to get a stab at redeveloping Valencia's old 55,000-seat Mestalla stadium, dubbed one of Europe's greatest stadiums and located in the dense neighbourhood close to the historic city centre or in real estate speak, "prime land".