Takashimaya in rent dispute with landlord Ngee Ann City

Published Wed, Mar 30, 2016 · 02:52 AM

[SINGAPORE] Business associates for more than 22 years, the landlord of Ngee Ann City and its anchor tenant, department store Takashimaya, are tussling in a dispute over rent.

In a High Court hearing that started yesterday, Ngee Ann Development and Takashimaya are seeking to resolve a deadlock as they cannot agree on the interpretation of a 2014 agreement on how rental rate is to be valued.

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