Singapore's Perennial acquires Katong Mall

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Singapore's Perennial Katong Retail Trust has acquired Katong Mall for S$247.55 million. The company also said that it would spend an additional S$55 million for the redevelopment of the property.

Pua Seck Guan, former retail unit head of CapitaLand, is the current head of Perennial. According to a statement, he led the consortium to purchase the mall.

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