A JOINT venture (JV) between Lian Beng Group and Apricot Capital is said to have entered into a deal to sell the office and retail space at Wilkie Edge in the Selegie area to Keppel Capital.

The Business Times understands that the price is close to S$350 million, which reflects S$2,200-plus per square foot based on a net lettable area of about 154,500 sq ft comprising mostly offices.

The Lian Beng-Apricot JV paid S$280 million for the asset in 2017, acquiring it from the-then CapitaLand Commercial Trust (CCT). The JV is said to have done some minor refurbishments to the asset.