158 Cecil Street being sold for S$240m
Alpha Investment Partners grants purchase option to a company linked to low-profile Singaporean Denis Jen, who owns malls in Australia
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Kalpana Rashiwala
Singapore
A COMPANY linked to low-profile investor Denis Jen, who owns shopping malls in Australia, is buying 158 Cecil Street for S$240 million from a fund managed by Alpha Investment Partners, the fund management arm of Keppel Land.
The price works out to about S$2,100 per square foot based on the 14-storey building's net lettable area of around 115,000 sq ft. 158 Cecil Street is on a site with a balance lease term of around 65 years.
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