A group linked to the Singapore labour movement is snapping up a 50 per cent stake in the Serangoon-located shopping mall nex for $825 million, in what could be the biggest property investment deal of the year.
BT understands that Mercatus Co-operative Ltd, whose shareholders are the Singapore Labour Foundation (SLF), NTUC Income and NTUC FairPrice, is buying a share in the shopping mall from a fund linked to Pramerica Real Estate Investors (Asia).
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Parallels can be drawn to the Eat-Drink-Man-Woman concept - ...
Do note that NEX is partly owned by the cunts at NTUC.
https://singaporepropertyhighlights.wordpress.com/2012/07/19/ntuc-linked-group-buying-50-of-nex/
July 19, 2012