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Takashimaya wins rent dispute with landlord Ngee Ann Development

Wednesday, September 14, 2016 - 16:35

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The court fight between Takashimaya and its landlord Ngee Ann Development (NAD) over calculation of rent has concluded in favour of the department store.

[SINGAPORE] The court fight between Takashimaya and its landlord Ngee Ann Development (NAD) over calculation of rent has concluded in favour of the department store.

The High Court, in a written judgment on Wednesday, agreed with Takashimaya's contention that rental rate for the next five years should be valued based on the existing space configuration.

Full story here.

sentifi.com

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