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Hongkong Land signals expansion of Singapore property portfolio with Central Boulevard project

PC Lee Published on Tue, Jun 13, 2017 / 10:39 AM GMT+8

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SINGAPORE (June 13): Hongkong Land and IOI Properties Group Berhad have agreed to jointly develop and manage 1.1ha of prime land in Marina Bay and the Central Business District (CBD) of Singapore, also known as the Central Boulevard site.

See: Hongkong Land and IOI Properties to jointly develop Central Boulevard land

The announcement of the joint venture was made almost three months after IOI completed a rights issue that reportedly raised more than 2 billion ringgit ($650 million) proceeds.

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