Lian Beng, KSH to divest St Kilda Road property in Melbourne for $36.6 mil

angela.teo@bizedge.com

Updated 25 July 2017 at 12:34 am

SINGAPORE (July 24): Lian Beng Group and KSH Holdings announced Monday that Lian Beng (St Kilda) has entered into a contract of sale with an unrelated third party for the proposed disposal of 19 units at 596 St Kilda Road in Melbourne, Australia for A$34 million ($36.6 million).

Lian Beng (St Kilda) is a wholly-owned subsidiary of Goldprime Realty, which in turn is an 80%-owned subsidiary of Lian Beng Group and a 20%-owned associated company of KSH.

The freehold property has a total site area of about 1,804 sq m, with a three-storey residential complex comprising 19 separately tiled apartments.

Source: Lian Beng

In separate filings to SGX on Monday, Lian Beng and KSH say the proposed disposal is an opportunity for the respective groups to realise good value for their investment and enhance the groups' financial position.

The story, written by Samantha Chiew, first appeared on The Edge Singapore.

Related Articles From TheEdgeProperty.com.sg

The Telegraph
‘Mother found out about son’s affair with teacher after spotting love bite’
A mother found out about son’s affair with his teacher after spotting a love bite on his neck, a court has heard.
CNN
Elle Fanning’s naked dress has a long history
To some, arriving at an important event naked is the stuff of nightmares. For others, it’s a meticulously planned reality.
SETHLUI.COM
We tried Singapore’s best-rated Wanton Mee
The post We tried Singapore’s best-rated Wanton Mee appeared first on SETHLUI.com.
France 24
Zelensky fires bodyguard chief over foiled assassination plot
Ukrainian President Volodymyr Zelensky on Thursday fired the head of the department responsible for his personal protection after two of its officers were detained this week over an alleged assassination plot. Zelensky published a decree to "dismiss Sergiy Leonidovich Rud from the post of head of the State Protection Department of Ukraine".It did not state a reason for Rud's removal or name a replacement to the highly sensitive position.The announcement came after Ukraine's SBU security service
Evening Standard
David Moyes lands first new role following confirmation of West Ham departure
Julen Lopetegui expected to be appointed as successor in east London
Cosmopolitan
A Photo of Pedro Pascal and Dakota Johnson Kissing Passionately on the Street Has Gone Viral
A new photo of Pedro Pascal and Dakota Johnson kissing has gone viral on the internet, but this isn't a sign of new love.
SETHLUI.COM
11 best rice dumplings you must indulge in Singapore this Dragon Boat Festival 2024
The post 11 best rice dumplings you must indulge in Singapore this Dragon Boat Festival 2024 appeared first on SETHLUI.com.
CBC
Son accused of dismembering mother in Toronto testifies in trial
A man accused of brutally stabbing and dismembering his mother in an east-end condo before leaving her remains in garbage bags on the street told a Toronto jury that while he came from an abusive home, he never intended to kill his mother.
KameraOne
Angry customer throws hot coffee at waitress in New York
A shocking scene unfolded at a Thai restaurant in Brooklyn, New York, on April 29, when an angry customer threw a cup of hot coffee at a waitress. Security footage captured the irate woman yelling at the waitress for allegedly throwing a menu at her, before furiously hurling a cup of scolding hot coffee at her face. Police are investigating the assault.
INSIDER
Russia's jamming of American weapons in Ukraine is showing the US what it needs to be ready for in a future fight
Russia keeps jamming US precision weapons in Ukraine, showing the US a problem it needs to solve before its next big fight.
InStyle
Sydney Sweeney Wore Her Underwear Outside in Miu Miu Boxer Briefs
Pants are overrated.
The Telegraph
Thomas Tuchel blasts officials after ‘disastrous’ offside decision costs Bayern Munich dearly
Bayern Munich manager Thomas Tuchel described the Uefa referees’ decision-making as a “disaster” after his team were denied a late equaliser that would have taken their dramatic Champions League semi-final second leg against Real Madrid to extra time.
SETHLUI.COM
S$9 Hotpot with free-flow Lu Rou Fan & DIY Ice Dessert at famous Chinese hotpot chain
The post S$9 Hotpot with free-flow Lu Rou Fan & DIY Ice Dessert at famous Chinese hotpot chain appeared first on SETHLUI.com.
The Independent
Man accused of killing 3 surfers in Mexico allegedly told girlfriend ‘I f****ed up three gringos’
The bodies of brothers Callum and Jake Robinson, as well as US citizen Jack Carter Rhoad, were found dumped in a remote well in Baja California
The Smart Investor
4 Singapore Stocks Poised to Pay Out Higher Dividends
These four companies could be on the cusp of paying out more dividends. The post 4 Singapore Stocks Poised to Pay Out Higher Dividends appeared first on The Smart Investor.
INSIDER
He left his desk job in the US to run a food stall in Hong Kong. He earns more now — but plans to walk away from it soon.
Hong Kong's dai pai dong food stalls are facing extinction. The remaining licenses are only transferrable to family members.
HuffPost
Ex-Obama Strategist Names ‘Terrible Mistake’ That Could Cost Joe Biden The Election
"If he doesn’t win this race, it may not be Donald Trump that beats him," suggested former Obama adviser David Axelrod.
Sky News
Russia Victory Day parade: Only one tank on display as Vladimir Putin says country is going through 'difficult period'
Russia only had one tank on display during its Victory Day parade this year. Every year, Moscow wraps itself in patriotic pageantry for Victory Day, a celebration of its victory over Nazi Germany in the Second World War. Today marks the 79th anniversary and Mr Putin addressed the parade in the Red Square, talking up his country's military capabilities in a speech aimed as much at a foreign audience as a domestic one.
The Telegraph
‘You cannot take Harry Kane off’ – Pundits query strange Thomas Tuchel substitutions
Bayern Munich manager Thomas Tuchel has been criticised for substituting England captain Harry Kane in the dying moments of their Champions League sem-final loss to Real Madrid.
Evening Standard
Arsenal eye trio of goalkeepers as shock Wojciech Szczesny swoop could fulfil key rule requirement
Gunners could lose several homegrown players this summer, affecting their search for new shot-stopper to replace Aaron Ramsdale

Source: Lian Beng

Latest stories