Singapore-based NTUC Enterprise Co-operative Ltd has plans to sell its retail portfolio, which consist of suburban malls with an estimated valuation of S$4.15 billion ($2.98 billion).
JP Morgan has been appointed to market the 2.13 million-square-foot portfolio, according to Bloomberg, citing anonymous sources. The assets include AMK Hub, Jurong Point and Swing By @ Thomson Plaza, and co-own NEX.
