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Wilkie Edge Office & Retail Space Acquired For Almost S$350mil

SINGAPORE – The office and retail space at Wilkie Edge is said to have been purchased by Keppel Capital from a joint venture comprising Lian Beng Group and Apricot Capital for nearly S$350 million, reported...

Swire's Hong Kong Office Bldgs See Negative Rental Reversions

HONG KONG – The office assets of Swire Properties in the Chinese territory continue to be under pressure amidst the challenging state of the local office market, reported ratings agency Morningstar on Tuesday (7 November,...

WeWork’s Singapore Outlets To Continue Operating Despite Bankruptcy

SINGAPORE – Even though WeWork has filed for a Chapter 11 petition (bankruptcy protection) under the US Bankruptcy Code, the company’s 14 coworking centres here will remain open. There are also no plans to downsize...

WeWork Bankruptcy Would Aggravate New York Office Market

USA – WeWork’s looming bankruptcy would worsen the state of New York’s office sector, where a significant number of landlords have leased entire floors or even entire office buildings to the company, reported The New...

Shenton House Acquired By Malaysian Billionaire

SINGAPORE – Shenton House has been bought via en bloc sale by IOI Properties Group’s Chief Executive Lee Yeow Seng after the mixed-use commercial property’s reserve price was reduced to S$538 million, according to...

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