PIL Building

PIL Building put on the market with S$350m guide price; EOI draws strong interest

PIL Building in Cecil Street - ultimately fully owned by the same entity that controls struggling Pacific International Lines (PIL) - has been quietly put on the market through an expression of interest (EOI) exercise that closed last Friday. The exercise has drawn strong response; according to the grapevine, interest from eight parties was received. The guide price for PIL Building has been set at...

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