>

>

Wisteria Mall in Yishun sold for $208 mil

By Atiqah Mokhtar

/ EdgeProp Singapore |

January 27, 2022 7:28 PM SGT

Scale model of The Wisteria (Credit: Samuel Isaac Chua/The Egde Singapore)

Join our Telegram channel and follow our Facebook for the latest update.

SINGAPORE (EDGEPROP) - BBR Holdings has announced that its 25.05%-owned company Northernone Development has entered into a sale and purchase agreement (SPA) for the sale of Wisteria Mall for a price of approximately $208 million.

Read also: 74% of units at The Wisteria priced below $1 million

Wisteria Mall is being sold to UK private equity firm Schroders, according to reporting by Mingtiandi.

Wisteria Mall is the commercial component of mixed-use development The Wisteria, located in Yishun. The 99-year leasehold property was developed by Northern Retail, a wholly-owned subsidiary of Northernone Development. Northernone Development is a joint venture company led by BBR Holdings and Hexacon Construction along with Santarli Venture, MUSE Capital and AHPL (Investments). (Find Singapore commercial properties with our commercial directory)

The two-storey mall is located at the podium of the development. Three nine-storey towers with 216 apartment units make up the residential component.

Schroders will be acquiring the entire issued and paid-up capital in Northern Retail, and will also assume an outstanding loan extended by Northernone Development to Northern Retail.

The mall has a strata lot area of approximately 17,328 sq m (186,517 sq ft). It is currently tenanted by a mix of retail, supermarket, food court and other food and beverage shops. Khatib MRT station is a 10-minute walk away from the development.

Check out the latest listings near Wisteria Mall, Khatib MRT station

Tags:

Follow Us

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

Sapphire Windows’ Liews: Beyond providing a room with a view

2

Keeping cool in an east-west-facing house with modern glass windows

3

Far East Shopping Centre’s $908 mil en bloc deal aborted

4

Luxury living in the new heart of Bukit Timah

5

Grandson of Genting Group founder leads Cover Projects, carves niche in Singapore’s heritage properties

Our Site

Follow Us

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.

View More

Close Ad

00:00