The deal marks the first purchase for Hongkong Land’s Singapore Central Private Real Estate Fund, lifting the fund’s assets under management to $7.3 billion.

The deal will give the fund ownership of the development, which includes the Wheelock Place mall on Orchard Road. Read more at straitstimes.com. Read more at straitstimes.com.

Deal to buy Orchard Road complex from entity owned by Wharf Real Estate Investment is first by developer’s Singapore investment fund.