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BusinessEdgePropCapitaLand and UOL-led consortium submit $805.39 mil bid for Holland Drive GLS site
The $805.39 million bid put forward by the CapitaLand-UOL consortium is the highest out of three bids that the government received for the 133,330 sq ft residential site when the tender closed on May 14.A consortium of four property developers led by CapitaLand Development (35%) and UOL Group (35%) have submitted a $805.39 million bid of a government land sale (GLS) site at Holland Drive. The other two partners in the consortium are Singapore Land Group (20%) and Kheng Leong Co. (10%).The $805.3
BusinessEdgePropESR Group receives offer from consortium of investors including Starwood
ESR Group receives offer from Consortium including Starwood (Photo: The Edge Singapore)SINGAPORE (THE EDGE SINGAPORE) - A filing on the Hong Kong Exchange by ESR Group on May 13 says that on April 25 the Company received a non-binding and conditional proposal from a consortium of investors comprising Starwood Capital Operations, Sixth Street Partners, and SSW Partners LP (on behalf of itself and its affiliated funds and entities), in relation to a possible privatisation of the Company which, if
BusinessEdgePropLHN posts 23.4% drop in 1HFY2024 earnings to $13.0 mil despite revenue growth
LHN posts drop in earnings but is upbeat on future prospects (Photo: LHN)SINGAPORE (THE EDGE SINGAPORE) - Co-living operator LHN announced that its 1HFY2024 ended March earnings have declined by 23.4% y-o-y to $13.0 million from $16.9 million a year ago.The group’s profit before tax declined 25.0% y-o-y to $15.3 million. Further removing the effect of fair value loss, gain on disposal of associate and discontinued operations from the logistics group, the group would have recorded a 13.7% yo-y gr
