{
  "id": 18654842,
  "title": "Schroders seeks $172 million sale of Singapore shopping mall - Bloomberg",
  "url": "https://urgent.news/2026/11/07/schroders-seeks-172-million-sale-of-singapore-shopping-mall-bloomberg",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-07T06:17:02.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/company-news/schroders-seeks-172-million-sale-of-singapore-shopping-mall--bloomberg-5009721"
  },
  "original_language": "en",
  "account": "Schroders is exploring the possibility of selling a shopping mall in Singapore for approximately S$220 million, as part of its ongoing plans to dispose of property assets in the city-state, according to Bloomberg's exclusive report. The asset manager has enlisted the help of Knight Frank and Savills to market Wisteria Mall, a two-story suburban retail property located in the northern part of Singapore. The firm plans to launch an expression of interest process, which is expected to conclude in late November. This proposed asking price is an increase of S$208 million compared to the price paid by Schroders' Pamfleet Real Estate Fund III for the property in 2022. Currently, the mall boasts a 93% occupancy rate, as confirmed by sources speaking on condition of anonymity.\n\nThis move by Schroders follows the recent acquisition of their London-based asset management arm by Nuveen. Additionally, the company is actively seeking to sell a hotel it jointly owns with TPG Angelo Gordon. Jones Lang LaSalle conducted a sale process for this property in 2024 at a price of S$320 million, but the hotel has not yet found a buyer. Schroders' private markets investment business, Schroders Capital, highlighted that they routinely evaluate their real estate holdings and consider transactions that align with their investors' interests. However, they did not comment on the specific mall transaction. Savills remained tight-lipped about the proposed sale, while Knight Frank had not yet responded to a request for comment.\n\nSingapore's commercial real estate market witnessed about $20 billion in transactions during the first nine months of 2026, a figure that is more than three times the amount observed in the same period a year earlier, as reported by MSCI data. This surge in activity can be attributed to property owners becoming more open to flexible pricing, particularly as investment funds near maturity and seek to sell their assets. The Wisteria Mall marketing endeavor will gauge buyer interest in an occupied suburban retail property amidst this broader uptick in transactions.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Straits Times Business",
        "title": "Schroders seeks to sell Wisteria Mall in Yishun in bid to offload Singapore properties",
        "url": "https://urgent.news/2026/11/07/schroders-seeks-to-sell-wisteria-mall-in-yishun-in-bid-to-offload",
        "published": "2026-11-07T07:00:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}