Coffeeshop operator Koufu Group has granted an independent third party purchaser an option to purchase its properties located at 18 and 20 Woodlands Terrace for a consideration of $11.8 million.

The agreement was entered into by the group’s wholly-owned subsidiary, Koufu Pte. Ltd. on March 1.

The proposed disposal is subject to and conditional upon the written in-principal approval from the Jurong Town Corporation.

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