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SGReit goes shopping for Isetan's share of Wisma Atria

It has issued a letter of intent, and said to be ready to offer more than fair value

Wisma Atria in Orchard Road. Four years ago, Isetan ended its retail activities there and converted the store into an investment property.


YTL's Starhill Global Reit (SGReit) is done window-shopping: The manager of the Singapore-listed Reit has made a direct overture to acquire Isetan Singapore's share of Wisma Atria, a prime leasehold property smack in the heart of Orchard Road, says a source.

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