See: ComfortDelGro wins $30 mil NUS contract for electric bus shuttle service
Waterside Places is a general partner of Waterside Places Limited Partnership and Waterside Places (GP Nominee), which is a joint venture between Muse Developments and the Canal & River.
According to CDG, the transaction will add a new site to its holdings in London and enable the business to invest in the development of a new bus garage.
The transaction has no material impact on the company’s net tangible assets (NTA) or earnings per share (EPS) for the financial year ending Dec 31.
See also: Frasers Property in real estate JV with Morgan Stanley
Scroll to continue
As at 2.20pm, shares in CDG are trading 3 cents lower or 2% down at $1.47.
Photo: ComfortDelGro
