Private fund said to be buying 11 Mercatus retail assets for S$281 million - The Business Times

Business By The Business Times • September 15, 2026, 3:34 AM UTC
⏱ 1 min read 👁 3 views
Direct Source Verification: This story is aggregated from The Business Times (businesstimes.com.sg). Full reporting rights and copyright belong to the primary publisher.
Read on The Business Times ↗
Private fund said to be buying 11 Mercatus retail assets for S$281 million - The Business Times
[SINGAPORE] Entities linked to Altallo Asset Management are understood to have inked deals to buy the portfolio of 11 retail assets that NTUC Enterprise unit Mercatus put on the market in the fourth quarter of last year.

[SINGAPORE] Entities linked to Altallo Asset Management are understood to have inked deals to buy the portfolio of 11 retail assets that NTUC Enterprise unit Mercatus put on the market in the fourth quarter of last year.

The portfolio is being sold at a total price of S$281 million, which is 8.4 per cent lower than the S$307 million indicative price for the entire portfolio reported by The Business Times in November 2025.

The properties comprise private strata-titled retail space in Bukit Timah Plaza and the freehold Coronation Shopping Plaza, and nine Housing & Development Board (HDB) commercial shops. The 11 properties add up to about 172,000 square feet (sq ft) of space.

Can Bali swop beach capital for global capital without the skyscrapers?

Original Source
https://www.businesstimes.com.sg/property/private-fund-said-be-buying-11-mercatus-retail-assets-s281-million
Visit The Business Times ↗
SHARE STORY:
𝕏 f in

Related Coverage in Business