AEW bought Rivervale Mall in 2015 for S$190.5 million from CMT and refurbished it in the second half of 2016 The mall is on a site with 99-year leasehold tenure starting Dec 6, 1997.US-BASED property fund manager AEW has sold Rivervale Mall in Sengkang for S$230 million, BT understands.
The buyer is SC Capital Partners, a Singapore-based private equity real estate firm chaired by Suchad Chiaranussati, who is married to a niece of property and hotel
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