Hongkong Land Acquires Singapore's Wheelock Place for $900 Million
Hongkong Land has completed the acquisition of Wheelock Place in Singapore for $900 million through its Singapore Central Private Real Estate Fund, marking the fund's first purchase and increasing its assets under management to $7.3 billion.
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Hongkong Land acquires Singapore’s Wheelock Place in US$900m deal
Hongkong Land will acquire Singapore’s Wheelock Place for about S$1.1 billion (US$900 million) through its Singapore Central Private Real Estate Fund (SCPREF), marking the fund’s first acquisition since its launch in February. The mixed-use commercial property on Orchard Road is being acquired from an entity owned by Hong Kong-listed Wharf Real Estate Investment Company, according to a statement released by Hongkong Land on Thursday. The transaction is expected to conclude by the end of...
By Peggy Ye
Read full article →Hongkong Land To Acquire Singapore’s Wheelock Place From Wharf For $900 Million
The deal marks the first purchase for Hongkong Land’s Singapore Central Private Real Estate Fund, lifting the fund’s assets under management to $7.3 billion.
By Zinnia Lee, Forbes Staff
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