Sporting goods retailer Decathlon will open a new store at The Centrepoint next year, the mall's owner announced in a media release on Tuesday (Aug 27). Frasers Property Singapore said Decathlon will be the new anchor tenant of the Orchard Road shopping centre. The outlet is expected to open in the first half of 2020. This follows news that department store Metro, the current anchor tenant at The...
PROPERTY firm Metro Holdings on Tuesday said its net cash is expected to decline as it seeks out property developments, following a call from an activist shareholder for a special cash dividend. It was responding to an open letter from Quarz Capital Management dated Oct 4, 2016. Metro said its current net cash position is a recent occurrence due to the sale of properties over the last one to two...
Mainboard-listed Metro Holdings has set up a firm with a private equity real estate fund to co-invest in Chinese properties owned by retailer Tesco. The newly set up firm, Choice Bright Holdings, will invest about US$49 million in return for a 50 per cent stake in three assets in China under Tesco. They are Tesco Chelsea, Tesco Tianying and Tesco Shenyang Beihai. Metro will contribute about one-fifth of...
Mainboard-listed retailer Metro Holdings is expanding its property business in China. The firm said on Friday that it is making an investment commitment of about S$41.7 million to acquire stakes in three developments in Anshan, Fushan and Qinhuangdao. Metro's wholly-owned subsidiary, Metro China, has set up a 21.4 per cent associated firm called Diamond Wind Company for the investment. The balance 78.6...
Compare listings
Compare