Private commercial-school operator ERC Holdings is buying the House of Tan Yeok Nee for more than S$60 million from German fund manager Union Investment Real Estate AG. According to Business Times, Savills brokered the sale of the property through a private equity and an option is said to have been issued this week. The House of Tan Yeok Nee is located at the junction of Penang Road and Clemenceau...
Union Investment Real Estate
An industrial facility in Changi Business Park Vista was sold for S$63 million to Hamburg-based property management company Union Investment Real Estate, on a sale and leaseback term. The 198,000 square foot Applied Materials Building is Union's second investment in Singapore, following the purchase of two office buildings in 2007. Source : Channel NewsAsia - 29 Oct...