Lian Beng Group to acquire BreadTalk IHQ for $118m

Uploaded By:  Paul Howell Submitted By:  Staff Reporter Case Study:  No The 10-storey property has approximately 248,902 sq ft. gross floor area. Property development company Lian Beng Group, together with its consortium partners, has entered into a put and call option agreement to acquire the BreadTalk IHQ Building from BreadTalk Group for an aggregate purchase consideration of $118m. The 10-storey property, which sits at Tai Seng street and has a gross floor area of approximately 248,902 sq ft., will be acquired through a consortium in which Lian Beng holds a 75% direct stake through its wholly owned subsidiary. read more