Keppel-backed Cove takes over Hmlet's abandoned Lumiere units
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Co-living operator Cove has assumed management control of some 30 units in residential apartment building Lumiere. These units had been given up by struggling rival Hmlet in a bid to cut costs.
In November 2020, Hmlet walked out of a five-year master lease with Lumiere's landlord BS Shenton - turning its back on some 43 units.
Luca Bregoli, co-founder and chief operating officer of Cove, told The Business Times (BT) that Cove has taken over the former Hmlet flagship property at Lumiere on "entirely new terms".
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