BreadTalk to buy 22, 22A Lorong Mambong for $16.2m
The property is a corner freehold shop house in Holland Village.
BreadTalk Group has been granted an option to buy the property at 22 and 22A Lorong Mambong from its vendors.
According to an announcement, the property has a consideration price of $16.2m agreed upon by BreadTalk and the vendors.
The purchase will be funded by BreadTalk's internal resources.
The property is a corner freehold shop house in the middle of Holland Village. Its total land area is around 2,350 sqft.
BreadTalk does not expect the purchase to affect company performance for the year.