BBR Holdings unit to buy iMax SG Ventures for SGD32 million

Reuters03-19 20:05

BBR Holdings unit to buy iMax SG Ventures for SGD32 million

BBR’s unit Alika PBSA Holdings agreed to acquire 100% of iMax SG Ventures from Poh Qi Pin for a purchase consideration tied to an agreed property value of SGD 32 million.
iMax SG Ventures holds rights to a lease with Nanyang Technological University for a student hostel at 40 Nanyang Drive with 670 beds.
Payments at completion include repayment of about SGD 20.55 million owed by the target to a lender and settlement of outstanding amounts owed to the university lessor.
Knight Frank valued the leasehold interest in the property at SGD 33.8 million.
BBR plans to form a 50:50 joint venture with Proj X to provide operations and management services for the hostel.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BBR Holdings $(S)$ Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: 7R0ZTNAO95VG69KF) on March 19, 2026, and is solely responsible for the information contained therein.

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