EL Development has signed a memorandum of understanding with Accor for the French hotel chain to manage a new hotel that the Singapore property developer will build in Hill Street. Accor will manage the hotel under its Pullman brand – this will be the first Pullman in Singapore, EL Development managing director Lim Yew Soon told The Business Times in a recent interview. “Singapore is one of the major cities left in Asia where Accor has yet to have a Pullman… when Singapore is its Asia-Pacific headquarters,” he noted.

MALAYSIA will investigate the Battersea Power Station deal and other major “dubious” property investments in the UK, said Anwar Ibrahim, the de facto leader of ruling coalition Pakatan Harapan. On a working visit to Britain, Mr Anwar told The Guardian that a series of deals paid for by Malaysian sovereign funds and pension funds and brokered by the previous Barisan Nasional …