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Cuppage Terrace |
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Yet another acquisition by the Group in Orchard Road, Singapore in the
year 2006.
Cuppage Terrace is located at the bustling spot of Orchard Road and it
houses an array of finest restaurants in town.
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Promenade Shopping
Complex, Orchard Road, Singapore |
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The
Group has entered the institutional league with
its landmark investment in the prime Orchard Road,
Promenade Complex. This investment was an enterprising
move by the Group considering the size of the
investment involved. The property was well-managed
by the Group which resulted in a manifold increase
in its revenue paving way for a substantial capital
appreciation of the property. |
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Melia at Scotts,
Scotts Road, Singapore |
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The
Group bought the business of “Melia@Scotts” at
Scotts Road which was effectively
run by Grupo Sol. The Spanish-run hotel offered
245 well-appointed rooms of superior choices. |
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Balmoral Crescent,
Singapore |
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The
Group was successful in its bid for a Balmoral
Crescent site at a public auction. This winning
bid was believed to be a record for a landed
property at that time. |
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Novotel, Brisbane,
Australia |
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We
took control of the 300-room Novotel hotel in
Brisbane which was bought at a competitive price.
This was a flagship investment of the Group’s
real estate holdings Down Under. |
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Times Square
Complex, Brisbane |
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Time Square Complex at Brisbane was acquired by us
in 1995. This is a twin-tower property that
include a Hotel and an Office Tower. With this
investment, our Group had increased its
penetration into Australian property market. |
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Holiday Inn,
Queenstown, New Zealand |
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We
had investment in the well renowned Hotel “Holiday
Inn” in Queenstown, New Zealand. This 150-room
Hotel has been operated since 1998. |
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Novotel Auckland,
New Zealand |
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This
Hotel investment had laid way for the group’s
foray into New Zealand property market. The Hotel
was bought and it was re-branded as business class
under the Novotel name. |
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Mercure – Perth &
Brisbane, Australia |
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These
two Hotels put together constituted a significant
investment and our company had started its continued
expansion into the Australian market and steadily
eyeing for a sizable market share in the industry.
The above properties were acquired during the
past decade and remained in our investment portfolio
until 1997. In 1997, the Group divested the above-said properties for
an amount close to $1 billion. |
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Royal Brothers
Building, Raffles Place, Singapore |
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The
group also owns a prime office tower at the financial
hub of Singapore, Raffles Place. Subsequent to
purchase in 2001, a major renovation activity was carried
out to enhance the facilities and ambience of
the building. With its contemporary facilities
and its effective maintenance, this building always
attracts prominent businesses to secure its place
in this building. |
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