CDL will be a key beneficiary in the collective sale of Tanglin Shopping Centre
WILL the ongoing collective sale tender of Tanglin Shopping Centre present City Developments (CDL) with an opportunity to exit the ageing office, retail and car parking complex at a nice gain?
Or would CDL want to take full control of the freehold asset just off Orchard Road?
The mainboard-listed group, through an indirect fully-owned subsidiary of its privatised hotel arm Millennium & Copthorne Hotels, owns nearly 35 per cent of the share value and about 60 per cent of the strata area in Tanglin Shopping Centre.
CDL, part of the Singapore H…
A NEWSLETTER FOR YOU
Property Insights
Get an exclusive analysis of real estate and property news in Singapore and beyond.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
HSBC says growing Chinese wealth fuels client investments in US
Unilever's India quarterly profit disappoints
US: Wall St opens higher on tech boost, upbeat earnings
GM CEO Barra compensation fell 4% in 2023 to US$27.8 million
Prada’s sales up 16% in first quarter as Miu Miu shines
Boeing reports first revenue drop in 7 quarters as deliveries decline