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Lian Beng-led consortium might be nearing exit from Prudential Tower

The office building's sole retail unit - a dual-frontage, ground-floor space of 5,715 sq ft - has been put on the market via tender

Kalpana Rashiwala

Published Tue, Jun 6, 2017 · 09:50 PM

Singapore property

Singapore

A CONSORTIUM led by Lian Beng Group which bought Keppel Reit's space in Prudential Tower near Raffles Place MRT Station in 2014, seems to be nearing an exit from its investment in the building.

Epic Land Pte Ltd, in which Lian Beng owns a 32 per cent stake, has just put up for sale the sole retail unit in the 30-storey office building - a space of 5,715 square feet at street level - for sale through a tender.

The guide price is S$20.8 million, which works out to S$3,639 per …