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Corporate digest

Published Fri, Aug 11, 2017 · 09:50 PM

Chip Eng Seng

CHIP Eng Seng Corporation has agreed to sell a tenanted freehold office building for A$68.8 million (S$73.7 million). The property, located in Melbourne, sits on a land area of 2,286 square metres and has net lettable area of 10,459 square metres and 134 parking lots. The legal date of completion for the sale is Aug 31, 2017. The deal is handled through wholly owned subsidiary CES Properties (Aus) Pty Ltd.

Metro

PROPERTY and retail group Metro Holdings has posted a 160 per cent jump in first-quarter net profit to S$25.38 millio…