Liang Court

Liang Court redevelopment project moves to next step

CDL Hospitality Trusts (CDLHT) has completed the sale of its entire stake in Novotel Singapore Clarke Quay, while Ascott Residence Trust (ART) has sold its interest in the land which includes Somerset Liang Court Singapore. These form part of the transaction for the Liang Court site’s redevelopment - by a consortium comprising real estate heavyweights CapitaLand Limited, City Developments Limited...

CapitaLand, CDL, Ascott Reit to redevelop Liang Court into mixed-use complex

CapitaLand Limited, City Developments Limited (CDL) and Ascott Residence Trust (Ascott Reit) on Thursday said they will together redevelop the Liang Court site. The site comprises Liang Court mall, midscale hotel Novotel Singapore Clarke Quay and serviced residence Somerset Liang Court Singapore. This comes as CDL Hospitality Trusts (CDLHT) has proposed to sell its entire stake in Novotel Singapore...

Liang Court deal shows quirk in CapLand strategy

Last Friday's completion of the acquisition of Liang Court mall along River Valley Road by CapitaLand and City Developments Ltd (CDL) brings together two property groups that have adopted somewhat different business strategies in the past. With their S$400 million purchase of the mall from an entity linked to PGIM Real Estate, control of the overall Liang Court mixed-development complex has narrowed...

CapitaLand and CDL poised to buy Liang Court mall at S$400m

Liang Court mall - famous at its peak as a Japanese expat haunt and for the Daimaru department store and supermarket - is expected to be sold to new owners for S$400 million. According to The Business Times, a put-and-call option agreement has been entered into between the owner, an entity linked to PGIM Real Estate, and CapitaLand and City Developments Ltd (CDL). CapitaLand's listed unit Ascott...

Anchorpoint, Liang Court named as first Energy Smart Retail Malls

Shopping malls Anchorpoint and Liang Court have been named the first two Energy Smart Retail Malls in Singapore by the National Environment Agency. This is in recognition of their energy-saving measures to improve energy efficiency and lower operating costs. Anchorpoint spent some S$455,000 to retrofit its chiller system. That helped to reduce its electricity consumption by 1,192 megawatt-hours every...

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