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SPH REIT acquires The Rail Mall for $63.2 million

Property

SPH REIT acquires The Rail Mall for $63.2 million

PC Lee Published on Mon, Apr 30, 2018 / 9:02 PM GMT+8

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SINGAPORE (Apr 30): SPH REIT is acquiring The Rail Mall for $63.2 million from Pulau Properties.

The Rail Mall is a retail strip, with a 360 m prominent road frontage to Upper Bukit Timah Road, comprising 43 single-storey shop units and 95 private carpark lots.

The property has a total net lettable area of 50,000 sf. It is a 99-year leasehold property commencing on March 18, 1947 and ending in 2046.

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