BIG Hotel sold to Hong Kong-based group for S$203m

BIG Hotel sold to Hong Kong-based group for S$203m
The new owner of the property is Gaw Capital Partners, which purchased the InterContinental Hong Kong for US$938 million earlier this year.

By Kevin Lim, MediaCorp
POSTED: 18 Nov 2015 20:53

SINGAPORE: The BIG Hotel at Middle Road has been sold to a Hong Kong-based real estate investment group for S$203 million, property services firm JLL said on Wednesday (Nov 18).

Originally an office building, the 308-room BIG hotel was converted by ERC Unicampus, and it opened in 2013. Facilities include a restaurant, bar, gym, car park and convenience store. JLL advised ERC Unicampus on the sale.

The new owner of the property is Gaw Capital Partners, which purchased the InterContinental Hong Kong for US$938 million (S$1.33 billion) earlier this year.

Mr Anthony Barr, regional director of JLL Capital Markets Singapore, said: “Singapore’s appeal as an investment destination remains strong with its stable political landscape and strong economic fundamentals. For this reason, we are seeing an increasing demand for Singapore properties from investors around the region, particularly those in Hong Kong.”

- CNA/ms

- wong chee tat :)

New premises for Singapore Pools from Feb 6

New premises for Singapore Pools from Feb 6
Posted: 25 January 2013 1717 hrs

SINGAPORE : Singapore Pools will operate from its new premises at Middle Road from February 6.

It will move its office and main branch in PoMo, Selegie Road, to the new Singapore Pools Building.

Services at PoMo will cease on February 5, after 8pm.

The 12-storey Singapore Pools Building will house its office departments, main branch, draw hall, sports entertainment, as well as other office tenants.

The first draw at the new premises will be held at 6pm at the draw hall on Level One.

- CNA/ms

- wong chee tat :)