GSH-led consortium buys Equity Plaza for $550 million
Published on Jun 25, 2014 5:15 PM
SINGAPORE - A consortium led by mainboard-listed property developer GSH Corporation has bought Equity Plaza - a landmark quadrant-shaped office building in Raffles Place - for $550 million.
GSH has a 51 per cent stake in the property, while Vibrant Group - formerly known as Freight Links Express - owns 35 per cent.
The remaining 14 per cent is owned by TYJ Group, the investment vehicle of GSH's executive chairman, "Popiah King" Sam Goi.
Located on the nexus of Church, Market and Cecil Streets, the 28-storey Equity Plaza is a 99-year leasehold office building.
To continue reading, log in if you are a subscriber
Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!