Wharf REIC agrees to sell Singapore’s Wheelock Place for S$ 1.11 billion

• Wharf REIC agreed to sell 100% of Everbilt Developers, owner of Singapore’s Wheelock Place, to Orchard Scotts Holdings.
• Cash consideration set at S$ 1.11 billion, subject to post-completion net asset adjustments; S$ 56 million deposit paid, balance due at completion.
• Completion scheduled for Aug. 31, 2026; Wharf REIC will exit the asset on closing.
• Wheelock Place is a 21-story Orchard Road commercial building with two basement levels; gross floor area about 43,280 square meters.
• Transaction expected to generate about HK$ 1.01 billion pre-tax profit; proceeds earmarked to reduce group indebtedness.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wharf Real Estate Investment Company Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260730-12261945), on July 30, 2026, and is solely responsible for the information contained therein.