Coliwoo and Macritchie JV acquires Wilmer Place for $26.5m

Savills executed the sale.

Jadeite Properties, a joint venture held by Coliwoo Holdings and Macritchie Developments, has acquired Wilmer Place at 50 Armenian Street for $26.5m.

Savills, which executed the sale, sold the asset via an off-market private treaty exercise.

The four-storey non-conservation building owned by Wilmer and Songs Private Limited has a remaining 22-year tenure.

"The divestment of Wilmer Place is part of the Group’s capital recycling strategy. We are pleased that this Singaporean JV will be the new Owner of this charming iconic building," said Brian Heng, director of Wilmer and Sons Private Limited.

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