SG Realty Dealbook: Nordic Group and Cache Logistics divestment, Lian Beng acquisition

SG Realty Dealbook: Nordic Group and Cache Logistics divestment, Lian Beng acquisition

One Commonwealth, commercial property close to Buona Vista MRT and Holland Village.

The last week has seen Nordic Group divest a commercial property at One Commonwealth through its subsidiary Multiheight Scaffolding, as well as an additional divestment by Cache Logistics Trust. An acquisition of Melbourne property for a purchase consideration of US$19.26 million was also proposed by Lian Beng Group.

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