Daily Briefing: Two strata-retail units for sale at $13.5m; New VC launched to invest in agri-food startups

And Clearbridge Health acquires nine dental clinics for $3.3m.

From iCompareLoan:

Two strata retail units located at the basement of Peninsula Plaza were relaunched for $13.5m, according to an announcement by JLL.

The two units have a combined area of 4,779 sqft and are fully leased to five tenants, including two restaurants and three retail stores.

Located in the heart of City Hall, Singapore’s Civic District, Peninsula Plaza is a mixed-use 30-storey development comprising an office tower with a five-storey retail podium offering a myriad of F&B, retail and service offerings.

The property was first launched for sale in January this year with a guide price of $16m, but was withdrawn from the market. “Upon the close of the EOI, we received a few offers which fell short of the owner’s expectations. The property was subsequently withdrawn from the market,” said Clemence Lee, senior director of capital markets for JLL.

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