The property, which has a book value of $73.4 million, has a total frontage of 110-metre along three roads: Lavender Street, Foch Road and Tyrwhitt Road.
Hafary Holdings plans to acquire a row of shophouses for $71.28 million from Broadway Textile, to be used as its new flagship store.
The property, 161 Lavender Street, has a gross floor area of approximately 45,212 sqft. It comprises a row of 11 contiguous conservation shophouses with 4-storey rear extension and 10 covered car parking lots sitting on an island block.
