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Full Version: Food Empire Building sold for $49.25 mil to Lian Beng Group
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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]
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.
Likely consolidating properties to pack into reit..
(11-06-2022, 09:03 AM)Sticw Wrote: [ -> ]Likely consolidating properties to pack into reit..

Local Whales.
Lian Beng transforming itself to reits?
(11-06-2022, 09:03 AM)Sticw Wrote: [ -> ]Likely consolidating properties to pack into reit..

Likely IPO as Reits... Clapping
(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
Walau list them in stocks exchange and cheat money?
SG Govt should stop Reits companies from sucking the economy. Many companies are not innovating and into Rentier model.
(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
(11-06-2022, 08:54 PM)Teeth53 Wrote: [ -> ]then what are the best plans?.  Rotfl

cannot sell.