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K Line sells six shophouses on Peck Seah St for S$42.8 million to fund manager

Friday, January 9, 2015 - 05:50
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The purchase by Phoenix Property Investors is its maiden Singapore property buy.

Singapore

A FUND managed by Phoenix Property Investors has made its maiden acquisition in Singapore.

The Pan-Asian private equity property fund manager is buying a row of six shophouses along Peck Seah Street near Tanjong Pagar MRT Station for S$42.8 million. The price works out to