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Gaw Capital poised to buy PoMo in Selegie

HK-based group in exclusive due diligence; price expected to be around S$350m for office and retail asset

Kalpana Rashiwala

Published Mon, Sep 18, 2017 · 09:50 PM

Singapore

POMO, a nine-storey office and retail development in Selegie Road, is under exclusive due diligence for a transaction at around S$350 million. The potential buyer that is doing the due diligence is Hong Kong-based private equity real estate group Gaw Capital Partners, BT understands.

The transaction is being negotiated as a sale of shares in a 51:49 joint-venture company of Enviro-Hub Holdings Ltd and BS Capital that owns the asset.

BS Capital is owned by Raymond Ng Ah Hua, a controlling shareh…

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