A joint venture company formed by two SGX-listed property developers has made a cash offer to acquire LCD Global Investments. Aspial Corp and Fragrance Group formed a firm called AF Global to bid for the mainboard-listed company that operates high-end hotels, resorts and serviced residences in Asia and the UK. In a filing to the Singapore Exchange on Monday (Jan 12), AF Global has offered 33 cents per...
Aspial Corp
SGX-listed Aspial Corp has acquired a property in Melbourne, Australia, which it plans to redevelop into the city’s tallest building. The A$42.3 million (S$48 million) deal is for a freehold low-rise commercial building in downtown Melbourne which has a total land area of about 2,625 square metres. In a statement on Wednesday, Aspial said the property has two active planning permits, of which one...
JEWELLERY retailer Aspial Corp has gone back into the property scene to snap up Changi Complex in a collective sale deal for $54.3 million. It will also have to pay a development charge of $3.6 million for the site, which is zoned 'residential with commercial on the first storey', according to property consultants Teakhwa Real Estate, which brokered the deal. The owners of the 40 apartments will get...
A cluster of 18 shophouses fronting Joo Chiat Road and Onan Road has been sold to property developer World Class Land for S$25.6 million. This translates to S$410 per square foot on the existing gross floor area of the properties. World Class Land is a unit of public-listed Aspial Corp. The freehold site consists of two back-to-back rows of nine shophouses, each three-storeys tall. The total gross...