UOL Group to acquire building next to Odean Towers along North Bridge Road for $79.3 mil

By Stanislaus Jude Chan / The Edge Singapore | December 11, 2019 4:11 PM SGT
UOL might amalgamate the KH Kea site together with neighbouring Odeon Towers (Picture: Edmund Tie)
SINGAPORE (Nov 22): UOL Group is acquiring KH KEA Building along North Bridge Road, which is located next to the company’s Odeon Towers, for $79.3 million.
Located next to Bras Basah Complex, the 9-storey commercial building sits on a land area of 435.2 sqm and has a net lettable area of around 22,075 sqft.
The property has a 999-year leasehold tenure, which started in April 1827.
UOL Group says it intends to explore the possible amalgamation of KH KEA Building and Odeon Towers as well as potential asset enhancement works.
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