Lum Chang-LaSalle joint venture buys The Verge for S$190m
Singapore
A JOINT venture between Singapore- listed Lum Chang Holdings and a closed-end fund of LaSalle Investment Management Asia on Thursday signed a conditional share sale agreement to go ahead with the acquisition of The Verge, a struggling mall in Little India.
The deal was closed at S$189.8 million. The Business Times understands the duo plans to tear down the mall and build in its place serviced residences with some retail and possibly office components. The deal is ex…
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