The Business Times
business-time-50
SUBSCRIBERS

Lum Chang-LaSalle joint venture buys The Verge for S$190m

google-preferred-sourceAdd BT as a preferred source
Published Thu, Sep 22, 2016 · 09:50 PM

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 expected to be completed in November.

Singapore propertyLum Chang

TRENDING NOW

Jumbo Group says its landlord, the National Parks Board, is studying the redevelopment of East Coast Seafood Centre in tandem with longer-term plans for the park.

Jumbo Seafood to close flagship East Coast Seafood Centre outlet on Sep 30

The bungalow's transacted price works out to about S$3,169 psf on the freehold land area of 23,979 sq ft.

Shanda co-founder sells Tanglin Hill bungalow for S$76 million

KSL's Khoo Lee Feng says it is "not so much what you study, but how you learn".

Johor property old hand KSL readies family handover amid market boom

The departure of food manufacturing operations from Singapore may not necessarily be reason for concern.

Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More