Apricot Capital

CapitaLand Mall Trust sells Sembawang Shopping Centre for $248 mil
SINGAPORE (Apr 19): CapitaLand Mall Trust (CMT) has agreed to sell Sembawang Shopping Centre to a joint venture between Lian Beng Group and Apricot Capital for $248 million. Sembawang Shopping Centre was valued at $126.0 million as at Dec 31 2017. The divestment is expected to generate net proceeds of about $245.6 million and a net gain of about $119.6 million when the transaction is completed ...
Oxley-led JV to buy former Serangoon North HUDC estate for $499 mil
SINGAPORE (July 26): Oxley Serangoon, a joint venture company led by Oxley Holdings, announced Wednesday that its bid for the purchase of Serangoon Ville at a price of $499 million has been accepted by the owners of the property. Spanning some 27,584 sqm at Serangoon North Avenue 1, the Serangoon Ville property is a former HUDC estate which has been privatised. Oxley Serangoon says it ...
Oxley-Lian Beng-KSH consortium wins Rio Casa tender at $575 mil
SINGAPORE (May 25): A consortium led by Oxley, Lian Beng and KSH has won the tender for the collective purchase of the property known as Rio Casa for $575 million. The tender was submitted by Oxley-Lian Beng Venture on Wednesday and has been duly accepted by the owners of the property located at Hougang Avenue 7. Oxley-Lian Beng Venture is 35% owed by Oxley, 35% owned by KSH, 20% owned by Lian ...