Coliwoo Forms Joint Venture with Macritchie Developments for Building Acquisition
MT Newswires
Nov 21
Coliwoo (SGX:W8W) established a 50:50 joint venture with Macritchie Developments to acquire the REHAU Building in Singapore, according to a Thursday filing with the Singapore Exchange.
Shares of the company were down nearly 1% in Friday trading.
Following the acquisition, the property will undergo conversion works and will be transformed into a co-living space with commercial units on the ground floor.
The acquisition is part of Coliwoo's strategy to convert underutilized commercial properties into co-living assets.
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