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AEW sells Rivervale Mall for S$230m to SC Capital Partners

Price for property in Sengkang reflects net yield of slightly over 4%

Kalpana Rashiwala

Kalpana Rashiwala

Published Tue, Mar 12, 2019 · 09:50 PM
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Singapore

US-BASED property fund manager AEW has sold Rivervale Mall in Sengkang for S$230 million, BT understands.

The buyer is SC Capital Partners, a Singapore-based private equity real estate firm chaired by Suchad Chiaranussati, who is married to a niece of property and hotel tycoon Kwek Leng Beng.

The price works out to S$2,833 per sq…

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