Cuscaden Peak, Kajima put Woodleigh Mall up for sale for about S$800 million

FOR the third time in the past 12 months, Cuscaden Peak Investments group (including Paragon Real Estate Investment Trust) has put on the market its stake in a Singapore retail asset.

The Business Times understands that the company and Kajima Development are asking for about S$800 million for The Woodleigh Mall in Bidadari estate. The two partners hold equal stakes in the property.

The mall, spanning three levels (Basement 1, and levels one and two) opened last year. It is beside Woodleigh MRT station on the North-East Line.