Home News Property

Chip Eng Seng acquires Australian property for A$2.5 mil

Atiqah Mokhtar
Atiqah Mokhtar6/9/2021 5:58 PM GMT+08  • 2 min read
Chip Eng Seng acquires Australian property for A$2.5 mil
The property adjoins commercial properties and a hotel already purchased by Chip Eng Seng in 2018.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Chip Eng Seng Corporation is acquiring a commercial property located at 80-82 Hindley Street in Adelaide, Australia for a purchase price of A$2.5 million ($2.6 million).

The property consists of a commercial building comprising two-storeys and a basement, with direct frontage towards Hindley Street. The property is situated on a freehold site and has a land size of approximately 287 square metres.

Currently, the property is fully tenanted and is occupied by two tenants under commercial leases which are expiring in September 2023 and November 2023 respectively. The leases also have options to renew for a further term ranging from two to three years.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.