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

Cecilia Chow
Cecilia Chow1/17/2021 4:41 PM GMT+08  • 3 min read
Lian Beng-led consortium buys BreadTalk HQ for $118 mil
BreadTalk Group has committed to lease back the property as an anchor tenant for an initial lease term of 10 years.
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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.

The BreadTalk HQ Building is a 10-storey, single-user industrial development with retail component on the first level, located at 30 Tai Seng Street. The building has a gross floor area of about 248,902 sq ft, including the retail units.

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