Lum Chang inks JV to acquire The Verge in Serangoon

It has a gross floor area of 238,527 sq ft.

As it looks forward to expanding its business, Singapore mainboard-listed construction firm Lum Chang entered a deal with LAO V Serangoon to form a joint venture in acquiring The Verge commercial development along Serangoon Road.

The JV was signed by the group's investment arm Tucana Investments Pte. Ltd. and LAO V.

The Verge is a commercial property owned by Dorado Holdings' investment company, Corwin Holdings.

This 238,527 sq ft.-property comprises two shopping mall buildings: an eight-level mall comprising six storeys and two basement levels, as well as another eight-storey building known as Chill @TheVerge.

According to Lum Chang, the deal was an opportunity to collaborate again with LaSalle Investment Management Asia, which funds the group's JV partner, LAO V.