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SPH acquires additional 3.33% stake in Perennial Chinatown Point

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SPH acquires additional 3.33% stake in Perennial Chinatown Point

Samantha Chiew Published on Fri, Nov 03, 2017 / 6:44 PM GMT+8

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SINGAPORE (Nov 3): Singapore Press Holdings and Perennial Real Estate are increasing their respective stake in Chinatown Point retail mall.

SPH's wholly-owned subsidiary, CT Point Investments and Perennial Singapore Investment Holdings (PSIH), a wholly-owned subsidiary of Perennial Real Estate Holdings (PREH), have entered into a sale and purchase agreement with Charles Quay International (CQ)

Under the agreement, PSIH and CT Point will acquire 5.49% and 3.33% of the total partnership interest in Perennial Chinatown Point LLP (PCP LLP) from CQ.

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