En bloc sale of Excelsior Hotel and Shopping Complex moves to private talks

THE en bloc tender for Excelsior Hotel and Shopping Complex is closed  and private negotiations are now ongoing with interested parties, sole marketing agent Cushman & Wakefield told The Business Times on Wednesday (Apr 19).

The consultancy declined to comment on the level of interest in the collective sale, and did not confirm whether any bids were received.

Located at 5 Coleman Street in the planning district of City Hall, the development was put up for sale at S$458 million on Feb 28.