Kimly acquires Serangoon Central coffee shop for $13.15m

The coffee shop spans a total of 358.0 sqm strata area.

Coffee shop operator Kimly acquired a coffee shop at Block 204 Serangoon Central #01-104 from Lee Quan Enterprises for $13.15m.

The coffee shop has a strata floor area of 358.0 sqm with a 90-year leasehold starting from 1 October 1994. It is in a 2-storey HDB shophouse unit comprising a coffee shop on level 1 and a 3-room HDB flat on level 2.

The property has a book value of $14.04m, including a $0.89m stamp duty. The company will fund the purchase through internal resources and pay it in cash.

The acquisition is part of Kimly’s strategy to expand its food outlet network in Singapore and establish new locations as suitable opportunities arise.

Follow the link for more news on

Acquisitions

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia