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Hiap Hoe to sell 39 shop units
Most of them are in Parklane; JLL has launched expression of interest exercise
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Anita Gabriel
Published Tue, Sep 30, 2014 · 04:00 PM
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MAINBOARD-LISTED Hiap Hoe plans to sell 39 shop units, most of which are strata-titled units in Parklane Shopping Mall, in line with its plan to divest non-core assets even as it capitalises on healthy investor demand for retail space.
The property developer has hired consultancy firm JLL, which on Tuesday launched an expression-of-interest (EOI) exercise to sell the shops.
Of the 39 units, 33 - all in the basement of Parklane Shopping Mall in Selegie Road - are being offered in a single portfolio to a single buyer, said JLL.
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