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UIC proposes name change to Singapore Land in group-wide refresh

Published Fri, Apr 2, 2021 · 05:50 AM

Singapore

THE proposed name change of United Industrial Corp (UIC) to Singapore Land Group is more than a cosmetic change, says chief operating officer (COO) Jonathan Eu. The real estate developer also has plans to rejuvenate and gentrify its aged office portfolio, as well as kick-start its ESG (environmental, social, and governance) roadmap.

It would also not rule out setting up capital recycling platforms such as funds or real estate investment trusts for fee income in future.

In its circular to shareholders on Thursday, UIC said that "Singapore Land" has a strong historical brand equity within re…

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