See more: Coliwoo buys hotel at Changi Business Park from ESR-REIT for $101 mil
Maybank Securities is keeping a "buy" call and 74 cents target price on Coliwoo Holdings following its announcement to acquire 2 Changi Business Park Avenue 1 for $101 million, in what is its first significant acquisition since its listing last November.
The property is now run as Park Avenue Changi and is now held by Viva Trust, a sub-trust of ESR-REIT. The hotel is now part of the ESR BizPark @ Changi development, and has more than 250 rooms.
