Lucrum To Invest $155M In Singapore Retail Project

Law360, New York (January 4, 2012, 12:35 PM EST) -- Real estate private equity firm Lucrum Capital has agreed to contribute at least SG$200 million (US$155.3 million) in funding to electronics seller TT International Ltd. to complete a warehouse-style retail center in Singapore, TT International said Wednesday.

Singapore-based TT International has invested SG$95 million (US$73.8 million) so far in the eight-story, 1.3 million-square-foot project, known as Big Box. The project was delayed because of the financial crisis and a court-approved restructuring of TT International in 2010, the company said.

"Big Box is a major development which...
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