Alibaba to buy 50% stake in AXA Tower

avenue-south-residence-singapore-press-alibaba-bought-50percent-stake-in-AXA-tower
avenue-south-residence-singapore-press-alibaba-bought-50percent-stake-in-AXA-tower
avenue-south-residence-singapore-press-alibaba-bought-50percent-stake-in-AXA-tower

Alibaba Group acquire 50 per cent stake in Singapore AXA Tower, amounting estimate S$1.68 billion.

JLL representing Alibaba in the purchase express, “technology and e-commerce companies are important providers. Hence the pend up demand. Alibaba continue to be active in their expansion planning. Having gateway Singapore presents herself to be attractive for expansion destination.”

Avenue South Residence is a new launch near Central of Singapore, surrounds Greater Southern Waterfront planning.

Source: channelnewsasia

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