By
Reuters
Reuters
Published
Nov 22, 2011
Nov 22, 2011
Japan's Shimizu wins $259 mln contract for Singapore development
By
Reuters
Reuters
Published
Nov 22, 2011
Nov 22, 2011
SINGAPORE - Japan's construction firm Shimizu Corporation has been awarded a S$338.2 million ($259.3 million) contract for the development of a Singapore property by Capitol Investment Holdings, it said on Tuesday.
Capitol Investment is a joint venture between Perennial (Capitol) Pte Ltd, Chesham Properties Pte Ltd and Top Property Investment Pte Ltd.
The development will comprise a luxury hotel, residential apartments, and a shopping mall, Capitol Investment said in a statement.
Perennial is 60-percent owned by former CapitaLand retail chief Pua Seck Guan. ($1 = 1.3045 Singapore dollars) (Reporting by Charmian Kok)
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