Asia

NOL Building sold

Singapore: Neptune Orient Lines (NOL) completed the sale yesterday of its land, building, plant and equipment at No. 456 Alexandra Road. The NOL Building, was sold to Fragrance Regal, a property company with significant numbers of hotels to its name in the Lion Republic. The property will be leased back from Fragrance up to 30 June 2014. Thereafter, NOL will move to The Metropolis at 9 North Buona Vista Drive. [26/02/13]

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