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).
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
Which company owns and operates NEX?
The escalator is in tatters yet the mall management allows it to continue operating? OUTRAGEOUS!!!!! Someone should inform the BCA pronto!!!!!
First a ventilation duct at Shaw Theatres in the mall collapses, now this. What in heaven's name is happening???