You are here

PREMIUM

Suntec Reit sells Park Mall; strikes redevelopment JV

Property sold for S$411.8m; Reit takes 30% stake in JVCo

PARKMALL150630.jpg
Suntec Real Estate Investment Trust is selling Park Mall to Park Mall Pte Ltd for S$411.8 million

Singapore

SUNTEC Real Estate Investment Trust is selling Park Mall to Park Mall Pte Ltd for S$411.8 million, said ARA Trust Management (Suntec), the manager of Suntec Reit, on Monday.

The Reit acquired Park Mall, which is an integrated office, lifestyle and home furnishing mall...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes