SUBSCRIBERS

Oxley unit finds buyer for Chevron House retail, banking units at S$315m

Oxley did not identify buyer or state if it was linked to Golden Compass deal

Fiona Lam
Published Wed, May 20, 2020 · 09:50 PM

    Singapore

    A POTENTIAL buyer has entered into an expression of interest (EOI) with Oxley Beryl, which owns the former Chevron House, to acquire the retail and banking units in the Raffles Place development for S$315 million, Oxley Holdings said in a bourse filing on Tuesday evening.

    The property developer did not identify this buyer and did not state whether it is linked to Golden Compass (BVI) - the purchaser named in Oxley Holdings' proposed S$1.025 billion sale of the property announced last April.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Copyright SPH Media. All rights reserved.