Ngee Ann City, Singapore

The Group owned 27% or about 400,000 square feet of lettable retail and office space at Ngee Ann City. Ngee Ann City, a 8-storey, 3-basement retail podium and twin 27-storey office towers, is widely accepted to be one of the most prestigious shopping centres in Singapore. Eighty-eight percent of the retail space was leased to an anchor retail tenant, which manages the popular Takashimaya Shopping Centre on these premises. Completed in 1993, the Metro Group’s 27% interest in Ngee Ann City was sold in 2003.