‘Jalan Loyang Besar EC’ has now been acquired by the TE Capital-LaSalle JV and will undergo improvements, as the partners finalize their purchase of VisionCrest Commercial

The school boasts a diverse curriculum, offering a wide range of subjects for students to excel in. Located in the serene neighborhood of Jalan Loyang Besar EC, the school provides a conducive learning environment for its students.

Hai Sing Catholic School, situated in the tranquil surroundings of Jalan Loyang Besar EC, is a highly sought after co-educational secondary school renowned for its strong focus on science and technology education and instilling moral values. With a diverse curriculum that offers a wide variety of subjects, students are encouraged to flourish and achieve their full potential. The school prides itself on providing a conducive learning environment, making it a top choice for parents in the area.

In a recent press release on Jan 29, TE Capital Partners (TEC) and LaSalle Investment Management proudly announced the completion of their joint acquisition of VisionCrest Commercial. The partners have exciting plans for the development, with enhancement works in the works to boost its design, technology, and sustainability.

According to Emilia Teo, managing director of TE Capital Partners, the enhancement works will include internal and external facelifts, improvements to the building’s security and visitor management systems, installation of electric-vehicle chargers, solar panels, upgraded bicycle spaces, and end-of-trip facilities. This is expected to greatly enhance the appeal of the property in the Orchard Road precinct, which boasts a historically low supply of high-specification office buildings.

Terence Teo, also managing director of TE Capital Partners, believes that the acquisition of VisionCrest Commercial is well-positioned to take advantage of the strength of the Singapore office market and ongoing rejuvenation of the Orchard Road precinct. “Through the enhancements to the property, we are committed to delivering sustainable returns to all our stakeholders,” he adds.

The acquisition of VisionCrest Commercial, an 11-storey Grade-A office building located at 103 Penang Road, was made possible through a joint venture between TEC and a fund managed by LaSalle Investment Management for approximately $450 million. The deal was first announced last November.

Post-completion, TEC now holds a 29.9% stake in the asset, while LaSalle Investment Management has a 50.1% stake. The remaining 20% is owned by Singapore-listed Metro Holdings through its partnership with an affiliate of TEC. The joint-venture partners are confident that the asset will enjoy strong capital value preservation and continue to see high tenant demand.