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Food Empire Building sold for $49.25 mil to Lian Beng Group - Printable Version

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Food Empire Building sold for $49.25 mil to Lian Beng Group - Levin - 11-06-2022

Breadtalk sold its IHQ to Lian Beng last year. Now Food Empire doing the same.

https://www.edgeprop.sg/property-news/food-empire-building-sold-4925-mil-lian-beng-group

[Image: c8fb8e-Food-Empire-Building.jpg]

RE: Food Empire Building sold for $49.25 mil to Lian Beng Group - Levin - 11-06-2022

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.

RE: Food Empire Building sold for $49.25 mil to Lian Beng Group - Sticw - 11-06-2022

Likely consolidating properties to pack into reit..

RE: Food Empire Building sold for $49.25 mil to Lian Beng Group - Rubitin - 11-06-2022

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

Local Whales.

RE: Food Empire Building sold for $49.25 mil to Lian Beng Group - sgbuffett - 11-06-2022

Lian Beng transforming itself to reits?

RE: Food Empire Building sold for $49.25 mil to Lian Beng Group - Teeth53 - 11-06-2022

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

Likely IPO as Reits... Clapping

RE: Food Empire Building sold for $49.25 mil to Lian Beng Group - sgbuffett - 11-06-2022

(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

RE: Food Empire Building sold for $49.25 mil to Lian Beng Group - Cmpunk - 11-06-2022

Walau list them in stocks exchange and cheat money?

RE: Food Empire Building sold for $49.25 mil to Lian Beng Group - Niubee - 11-06-2022

SG Govt should stop Reits companies from sucking the economy. Many companies are not innovating and into Rentier model.

RE: Food Empire Building sold for $49.25 mil to Lian Beng Group - Teeth53 - 11-06-2022

(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

RE: Food Empire Building sold for $49.25 mil to Lian Beng Group - Niubee - 11-06-2022

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

cannot sell.