The Seletar Mall slated to open on December 2014
Find out what it has to offer shoppers.
According to a release, The Seletar Mall, the latest suburban lifestyle hub in the North-East, will welcome shoppers into its modern and chic premises by December 2014, in time for festive celebrations next year.
The mall is developed by The Seletar Mall Pte Ltd, a joint venture company between Singapore Press Holdings (70%) and United Engineers Limited (30%).
Strategic Location and Strong Catchment
The Seletar Mall is nestled at the junction of Sengkang West Avenue and Fernvale Road. It is also linked to the Sengkang North East Line (NEL) MRT/LRT station and Sengkang bus interchange.
For those who drive, the mall is accessible via two main expressways, namely Tampines Expressway (TPE) and Central Expressway (CTE). There are 390 car park lots available from basements three to five. The driveway, ramp, and car park lots are designed with widths wider than the norm.
The one stop shopping, dining and entertainment destination will serve existing and new residents living in HDB Built-To-Order flats, private condominiums and landed properties at the Seletar estate. It will also cater to 747,000 residents and a working population of 47,000 within 5 km, including Sengkang, Hougang, Punggol, Serangoon and Ang Mo Kio, the Seletar Aerospace Park and Ang Mo Kio Industrial Park.
With a net lettable area of 188,000 sq ft, The Seletar Mall comprises four shopping levels above ground plus two basement levels.
The attractive list of key anchor tenants includes a Cineplex at level four, a food court with a wide array of local delights at level three, exciting anchor retail shops at levels one to three and a good-sized supermarket at basement two.
With the eclectic mix of retail, dining and lifestyle options, shoppers and diners will be spoilt for choice.
- wong chee tat :)
Showing posts with label United Engineers. Show all posts
Showing posts with label United Engineers. Show all posts
Thursday, April 11, 2013
Thursday, January 31, 2013
UE plans to launch rival bid for WBL Corp
UE plans to launch rival bid for WBL Corp
By Lynda Hong | Posted: 30 January 2013 2324 hrs
SINGAPORE: Another corporate fight is brewing as property and engineering group United Engineers plans to launch a rival bid for WBL Corp at S$4 a share.
United Engineers said the company's growth has reached its peak after the property and construction firm raked in record revenue of S$1.19 billion in 2011.
The company is now looking for more recurring income.
To do that, United Engineers said it has to look beyond its home ground in Singapore for inorganic growth.
That is why it has offered to buy the remaining 61.7 per cent of WBL Corp that it does not own for S$687 million in an all-cash offer.
Jackson Yap, group managing director and chief executive officer of United Engineers Limited, said: "In property development, the earnings could be quite lumpy. When you have the project finishing, you have a spike in your earnings. So we are trying to spread it out and have a more recurring income.
"The auto business offers us that opportunity. It is a great business. We have seen quite good growth for them. We think that that is one of our core businesses if we are looking to take over."
United Engineers is eyeing on WBL Corp's business outside Singapore, particularly in China.
These include automotive, property development, technology and engineering.
Jack Wang from Lexico Advisory said there could be lucrative spin-offs if the acquisition is successful.
Mr Wang said: "You are not just buying one company. You are actually buying three segments of the business which I think if anyone is confident of about the fundamentals, you can spin-off some of the business, and you can get lots of value out of it."
United Engineers has the support from WBL Corp's major shareholders which include OCBC Group, Great Eastern, and the Lee Family.
Together they hold 38.3 per cent stake in WBL Corp.
United Engineers said it will fund the acquisition by internal funds and external borrowings.
WBL Corp's shares were halted for trading on Wednesday. Its shares last traded at S$4.20 apiece.
Major shareholder Straits Trading with some 44.6 per cent stake in WBL Corp has not commented on United Engineers' latest offer.
- CNA/fa
- wong chee tat :)
By Lynda Hong | Posted: 30 January 2013 2324 hrs
SINGAPORE: Another corporate fight is brewing as property and engineering group United Engineers plans to launch a rival bid for WBL Corp at S$4 a share.
United Engineers said the company's growth has reached its peak after the property and construction firm raked in record revenue of S$1.19 billion in 2011.
The company is now looking for more recurring income.
To do that, United Engineers said it has to look beyond its home ground in Singapore for inorganic growth.
That is why it has offered to buy the remaining 61.7 per cent of WBL Corp that it does not own for S$687 million in an all-cash offer.
Jackson Yap, group managing director and chief executive officer of United Engineers Limited, said: "In property development, the earnings could be quite lumpy. When you have the project finishing, you have a spike in your earnings. So we are trying to spread it out and have a more recurring income.
"The auto business offers us that opportunity. It is a great business. We have seen quite good growth for them. We think that that is one of our core businesses if we are looking to take over."
United Engineers is eyeing on WBL Corp's business outside Singapore, particularly in China.
These include automotive, property development, technology and engineering.
Jack Wang from Lexico Advisory said there could be lucrative spin-offs if the acquisition is successful.
Mr Wang said: "You are not just buying one company. You are actually buying three segments of the business which I think if anyone is confident of about the fundamentals, you can spin-off some of the business, and you can get lots of value out of it."
United Engineers has the support from WBL Corp's major shareholders which include OCBC Group, Great Eastern, and the Lee Family.
Together they hold 38.3 per cent stake in WBL Corp.
United Engineers said it will fund the acquisition by internal funds and external borrowings.
WBL Corp's shares were halted for trading on Wednesday. Its shares last traded at S$4.20 apiece.
Major shareholder Straits Trading with some 44.6 per cent stake in WBL Corp has not commented on United Engineers' latest offer.
- CNA/fa
- wong chee tat :)
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