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Tadakatsu Honda
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Singapore
Apr 7, 2010
Keen bids for Alkaff Mansion
Food & beverage firm tops tender list with a monthly rent offer of $79,251
<!-- by line --> By Joyce Teo
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-- ST PHOTO: DESMOND LIM
<!-- story content : start --> A NEWLY set up food and beverage company fronted by Italian Gabriele Piegaia has topped the bids for the keenly contested former Alkaff Mansion site. The two-month-old company, LES, topped the tender with a monthly rent offer of $79,251, which is about three times the Singapore Land Authority's (SLA) monthly guide rent of $28,100. Fragrance Group came in second with a monthly offer of $41,300 while Bakerzin Holdings was third with $36,380. The top three bidders declined to be interviewed. Perched on top of Telok Blangah Hill Park, Alkaff - a majestic conserved building - has been left vacant since 2003. The SLA recently put it up for lease by tender. Of the nine bidders, six had offered to pay a monthly rent that is above the guide rent. They included food and beverage players Villa Frangipani.com and Timbre 2.
Read the full story in Wednesday's edition of The Straits Times.
[email protected]
Apr 7, 2010
Keen bids for Alkaff Mansion
Food & beverage firm tops tender list with a monthly rent offer of $79,251
<!-- by line --> By Joyce Teo
<!-- end by line -->
<!-- end left side bar -->
<!-- story content : start --> A NEWLY set up food and beverage company fronted by Italian Gabriele Piegaia has topped the bids for the keenly contested former Alkaff Mansion site. The two-month-old company, LES, topped the tender with a monthly rent offer of $79,251, which is about three times the Singapore Land Authority's (SLA) monthly guide rent of $28,100. Fragrance Group came in second with a monthly offer of $41,300 while Bakerzin Holdings was third with $36,380. The top three bidders declined to be interviewed. Perched on top of Telok Blangah Hill Park, Alkaff - a majestic conserved building - has been left vacant since 2003. The SLA recently put it up for lease by tender. Of the nine bidders, six had offered to pay a monthly rent that is above the guide rent. They included food and beverage players Villa Frangipani.com and Timbre 2.
Read the full story in Wednesday's edition of The Straits Times.
[email protected]
