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Food Empire Building sold for $49.25 mil to Lian Beng Group
Levin

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#1

11-06-2022, 08:32 AM
Breadtalk sold its IHQ to Lian Beng last year. Now Food Empire doing the same.

https://www.edgeprop.sg/property-news/fo...beng-group

[Image: c8fb8e-Food-Empire-Building.jpg]
(This post was last modified: 11-06-2022, 08:33 AM by Levin.)
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Levin

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#2

11-06-2022, 08:36 AM
I think the report is wrong. The building is not in Toa Payoh but in Tai Seng. Closest main road is Upper Paya Lebar Road. Which means the building is quite near to Breadtalk IHQ.
(This post was last modified: 11-06-2022, 08:37 AM by Levin.)
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Sticw

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#3

11-06-2022, 09:03 AM
Likely consolidating properties to pack into reit..
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Rubitin

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#4

11-06-2022, 11:06 AM
(11-06-2022, 09:03 AM)Sticw Wrote:  Likely consolidating properties to pack into reit..

Local Whales.
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sgbuffett

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#5

11-06-2022, 11:25 AM
Lian Beng transforming itself to reits?
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
(This post was last modified: 11-06-2022, 11:25 AM by sgbuffett.)
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Teeth53

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#6

11-06-2022, 11:34 AM
(11-06-2022, 09:03 AM)Sticw Wrote:  Likely consolidating properties to pack into reit..

Likely IPO as Reits... Clapping
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sgbuffett

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#7

11-06-2022, 12:10 PM
(11-06-2022, 11:34 AM)Teeth53 Wrote:  Likely IPO as Reits... Clapping
It's not a good thing so many companies use REITs listing as exit plans
I, being poor, have only my dreams; I have spread my dreams under your feet; Tread softly because you tread on my dreams.
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Cmpunk

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#8

11-06-2022, 12:29 PM
Walau list them in stocks exchange and cheat money?
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Niubee

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#9

11-06-2022, 12:40 PM
SG Govt should stop Reits companies from sucking the economy. Many companies are not innovating and into Rentier model.

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Teeth53

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#10

11-06-2022, 08:54 PM
(11-06-2022, 12:40 PM)Niubee Wrote:  SG Govt should stop Reits companies from sucking the economy. Many companies are not innovating and into Rentier model.

then what are the best plans?.  Rotfl
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Niubee

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#11

11-06-2022, 09:33 PM
(11-06-2022, 08:54 PM)Teeth53 Wrote:  then what are the best plans?.  Rotfl

cannot sell.

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