Lian Beng-led consortium buys BreadTalk HQ for $118 mil

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Author: leahlim | Latest post: Fri, 5 Mar 2021, 3:01 PM

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Lian Beng-led consortium buys BreadTalk HQ for $118 mil

Author: leahlim | Publish date: Thu, 21 Jan 2021, 3:55 PM

SINGAPORE (EDGEPROP) - A consortium led by Singapore-listed construction and property development company Lian Beng Group, announced that it has entered into a put and call option agreement to purchase the BreadTalk HQ Building for $118 million.

Lian Beng holds a 75% stake in the consortium, with Apricot Capital, the investment arm of Super Group's Teo family, taking a 20% stake. Meanwhile, 32RE, the fund management business co-founded by Matthew Ong, CEO of SLB Development, holds a 5% stake.

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