Cuscaden Peak divests The Seletar Mall for $550m

Cushman & Wakefield and JLL brokered the sale of the mall.

Cuscaden Peak Investments has sold The Seletar Mall to an unrelated party for $550m or $2,900 per square foot of net lettable area (NLA)

Cushman & Wakefield and JLL, which brokered the sale of the suburban mall, said the property was sold “following a competitive Expression of Interest marketing campaign.”

The Seletar Mall comprises six levels of retail, and three levels of car park with an NLA of 189,467 sq ft and 378 car park lots.

The mall is 100% tenanted, housing tenants like NTUC FairPrice, Haidilao, Harvey Norman, Uniqlo and Shaw Theatres.

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