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UIC buying Marina Mandarin and parts of Marina Sq complex

S$675.3m deal puts UIC and parent UOL in charge of hotel and Marina Square Shopping Mall as well as Pan Pacific hotel; UIC to fund purchases with mix of internal resources and bank loans

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Mr Liam says UOL and UIC "will jointly explore asset enhancement opportunities", including possibly drawing on government incentives to enliven Singapore's downtown.

Singapore

THE Marina Mandarin Singapore and parts of the Marina Square complex are changing hands for S$675.3 million, in a deal inked last Friday.

United Industrial Corp (UIC) is buying out Finnegan Investments and Mackmoor, as well as mainboard-listed OUE. The Marina Square...

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