Altallo said to be buying 11 Mercatus retail assets for S$281 million
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Entities linked to Altallo Asset Management are set to acquire 11 retail assets from NTUC Enterprise's Mercatus for S$281 million. This price is 8.4% lower than the previously reported indicative price of S$307 million. The portfolio includes private strata-titled retail space in Bukit Timah Plaza, the freehold Coronation Shopping Plaza, and nine HDB commercial shops, totaling approximately 172,000 square feet.
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