Golden Mile Complex gets $700m offer to sell en bloc
Consortium comprising Far East Organization, Perennial Holdings behind conditional agreement
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An offer of $700 million has been made for Golden Mile Complex in Beach Road, following extensive private treaty negotiations for the iconic development, which was put up for collective sale last year at a reserve price of $800 million.
According to a March 28 letter to the owners of Golden Mile Complex seen by The Straits Times, the collective sale committee (CSC) has entered into a conditional agreement with a consortium comprising Far East Organization and Perennial Holdings.
