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Cortina exercises option for fourth floor of 15 Scotts Road; acquisition to be completed in Dec

Felicia Tan
Felicia Tan • 1 min read
Cortina exercises option for fourth floor of 15 Scotts Road; acquisition to be completed in Dec
According to a valuation report commissioned by Cortina, the property is valued at $49 million, same as the purchase price.
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Cortina Holdings says it has exercised the option for the acquisition of the fourth floor of 15 Scotts Road on Oct 13.

Cortina, on Oct 4, announced that it was granted the option to buy the entire fourth floor of 15 Scotts Road. Spread across 13 units, the size of the property measures 1,276 sqm (13734.75 sq ft).

The second payment of $1.96 million has also been paid.

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