30 Apr 2018
Acquisition of The Rail Mall at Upper Bukit Timah Road, Singapore
Partner Norman Ho and Associates Marco Low, Amelia Cheng, Michelle Tham are acting for SPH REIT in its acquisition of the properties known as The Rail Mall, situated at Upper Bukit Timah Road, Singapore, for a purchase consideration of S$63.24 million. The Rail Mall, which has total net lettable area of approximately 50,000 square feet, is a retail strip comprising 43 single-storey shop units, and has a prominent main road frontage of 360 metres. It is one of the key access points to the Rail Corridor, and is well served by expressways and the public transport network. The commercial development, which also contains 95 private carpark lots, rests on a leasehold site with a land area of more than 100,000 square feet.