SGX-listed Straits Trading Company plans to sell its Straits Trading Building to Sun Venture Group for S$450 million. In a filing to the Singapore Exchange on Friday (Sep 5), the company said the sale is in line with its strategy of redeploying its low-yielding investment properties into potentially higher return real estate opportunities. Straits Trading is expected to realise an estimated capital...
Straits Trading Building
Despite the recession, the newly-opened Straits Trading Building has achieved a 95-per-cent occupancy rate after one-and-a-half years of marketing efforts. The owner, the Straits Trading Company, is optimistic that the building will be fully-occupied by the middle of this year. Mr Eric Teng, CEO for property at the Mainboard-listed firm said that last week, the firm sealed a deal to lease an office unit...
Singapore-listed Straits Trading Company is pumping in some S$60 million to build a new building. It will be developed on the site of the old Straits Trading Building and is expected to be completed in 2009. Agents for the New Straits Trading Building said they see strong demand for premium mid-sized office space. A new 28-storey Straits Trading Building will rise in the heart of Singapore's financial...