Wharf REIC Explores Sale of $1 Billion Singapore Malls on Orchard Road
Updated
Updated · Bloomberg · Jul 10
Wharf REIC Explores Sale of $1 Billion Singapore Malls on Orchard Road
2 articles · Updated · Bloomberg · Jul 10
Summary
$1 billion is the estimated value of the Singapore mall portfolio that Wharf Real Estate Investment Co. is considering selling, according to people familiar with the matter.
Wharf has been exploring an exit from two Orchard Road assets—Wheelock Place and Scotts Square—both in Singapore’s premier shopping district.
The potential sale would mark a retreat from those Singapore retail holdings by the Hong Kong-based landlord, which is majority-owned by billionaire Peter Woo.