Shares & Derivatives
SPH’s purchase of Clementi Mall looks more like a bad buy than a good one
By Investment Moats  •  March 24, 2011
Yesterday I wrote an article revisiting SPH as an income stock (You can read it here). The article highlights that one of SPH’s strategy is to become a quasi-REIT to diversify its business risk from a press business whose moat is getting more narrow. One of its recent purchase have been Clementi Mall.

The purchase of Clementi Mall

The purchase of Clementi Mall was through a consortium CM Domain Pte Ltd, which is under SG Domain Pte Ltd which is then owned by Times Properties Private Limited which is wholly owned by SPH as well as NTUC FairPrice and NTUC Income. The breakdown of ownership is
  • Times Properties (60%)
  • NTUC FairPrice (20%)
  • NTUC Income (20%)
Clementi Mall
  1. NLA of 194,000 sf or 18,000 sq metres of retail space
  2. Retail/Commercial GFA of 269,100 psf
  3. Estimated fitted out cost of SGD 50 mil
  4. Anchor shopping mall in the west. It should ...
...
Read the full article
By Investment Moats
Investment Moats is set up by Kyith Ng and have been around since 2005. He aims to share his experiences making sense of money, how money works and ways to grow his money. It hopes that by sharing his experiences, both good and bad, season investors can advice and critique his decisions and new investors can learn from them and find their own style ...
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance