Completion is either six weeks from Nov 20 or Dec 31, whichever is earlier.
On Nov 20, Coliwoo Properties and Macritchie Developments (a private company) announced they have formed a 50:50 joint venture to acquire 1 King George’s Avenue, a seven-storey commercial building that sits on a freehold land, with a site area of 5,612 sq ft.
The existing gross floor area is 28,829 sq ft and the net lettable area is 19,500 sq ft. The purchase price is $40 million.
