The Business Times
business-time-50
SINGAPORE PROPERTY
·
SUBSCRIBERS

Lian Beng-Apricot Capital JV selling Wilkie Edge to Keppel Capital

Separately, a CapitaLand-linked entity is said to be in negotiations to buy Hotel G Singapore

google-preferred-sourceAdd BT as a preferred source
Kalpana Rashiwala

Kalpana Rashiwala

Published Thu, Nov 9, 2023 · 08:54 PM
    • Standing at the corner of Wilkie and Selegie roads, Wilkie Edge is on a site with a balance lease term of about 81 years.
    • There is potential to add value to the freehold Hotel G by converting some car park space into additional guest rooms.
    • Standing at the corner of Wilkie and Selegie roads, Wilkie Edge is on a site with a balance lease term of about 81 years. PHOTO: GOOGLE MAPS
    • There is potential to add value to the freehold Hotel G by converting some car park space into additional guest rooms. PHOTO: BT FILE

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    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.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Singapore propertySingapore commercial propertyCommercial & IndustrialHotels

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    The yen weakened to a low of 125.33 yen per Singdollar on April 13, before recovering slightly to about 124.91 on April 15.

    Singaporeans can now buy record amount of yen per Singdollar

    Chinese Foreign Minister Wang Yi stopped short of explicitly naming the US or Israel as aggressors, a telling omission from a country that otherwise speaks with little diplomatic timidity.

    Beijing’s calculated silence on the Iran war 

    US President Donald Trump (left) with Chinese President Xi Jinping at a bilateral meeting on the sidelines of the Apec summit in Busan last October.

    China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result

    With the move, Ensign InfoSecurity will be reclassified as an associated company of StarHub, rather than a subsidiary.

    StarHub hands Ensign InfoSecurity control back to Temasek in S$115 million deal, books S$200 million gain

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More