LHN (SGX:41O) and its joint venture partner agreed to sell a carpark in Singapore for SG$28.5 million plus a proforma net asset consideration to Millennial Development Pte.
The Singapore-listed real estate management services group and Two Three Investment will carry out the deal via the sale of Metropolitan Parking Pte, the 50/50 company that holds the property, according to an Aug. 7 filing.
Deal closing is expected within 12 weeks, subject to certain terms and conditions.
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