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Elegant Group entity buys The Clementi Mall for S$809 million
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An entity linked to Zhao Zhichao of The Elegant Group has purchased The Clementi Mall in Singapore for S$809 million from Cuscaden Peak Investments, exceeding the indicative guide price by nearly 8%. The mall, with a net lettable area of 195,772 sq ft, offers a net yield of about 4.1%. The sale was brokered by Cushman & Wakefield and Savills, following an expression of interest exercise that attracted 12 offers.
Source: Businesstimes The copyright of this article belongs to the original author/organization.
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