Food and beverage firm LES, which clinched the tenancy for the former Alkaff Mansion at Telok Blangah Green last week, expects to invest S$5 million in the project. This is almost five times more than analysts' projections. Its top bid of S$79,251 in rent per month for the property beat eight other contenders in the tender by the Singapore Land Authority. In a statement, LES said the former Alkaff...
LES Pte Ltd
Food and beverage firm Les Pte Ltd has clinched the tenancy for the former Alkaff Mansion at Telok Blangah Green. Its top bid of S$79,251 per month beat eight other contenders in the tender by the Singapore Land Authority. Les will lease the property for an initial period of three years, and the tenancy could be renewed for another two terms of three years each. The top offer is around three times the...
Singapore PR Piegaia Gabriele in top bid of $79,251 per month NINE parties have submitted bids in a state tender to lease the former Alkaff Mansion, with the majority proposing food & beverage use for the landmark property. They have offered to pay monthly rentals ranging from $3,009 to $79,251 for the property at Telok Blangah Hill. The top bidder is LES Pte Ltd. A search with the Accounting and...
A NEWLY set up food and beverage company fronted by Italian Gabriele Piegaia has topped the bids for the keenly contested former Alkaff Mansion site. The two-month-old company, LES, topped the tender with a monthly rent offer of $79,251, which is about three times the Singapore Land Authority's (SLA) monthly guide rent of $28,100. Fragrance Group came in second with a monthly offer of $41,300 while...