Lavender Propco SNC signed a preliminary agreement to acquire Two retail units adjoining the Mandarin Oriental, Paris from Mandarin Oriental International Limited for approximately ?150 million.

Lavender Propco SNC signed a preliminary agreement to acquire Two retail units adjoining the Mandarin Oriental, Paris from Mandarin Oriental International Limited (SGX:M04) for approximately ?150 million on June 12, 2024. The Group's acceptance of the offer for its interests in the Retail Units is subject to the statutory right of pre-emption by the City of Paris, among other conditions, it is anticipated that final documentation will be signed and completion of the sale of the Retail Units will take place on or after 30th June 2024.