PHOTO: A DONE DEAL: Mayor Meng Foon, on behalf of the Foon family, and Georg Winkler, on behalf of his family, shook hands on Friday afternoon over the almost-concluded sale of the Kaiti Mall. Mr Winkler has bought the mall from the Foons for an undisclosed sum and takes over on Wednesday when the sale process is finalised. Picture by Liam Clayton
The about-to-be new owners of the Kaiti Mall have plans to refurbish it into a modern shopping mall with an uplifted facade, new branding and logo — all aimed at drawing more people into the retail and business centre to shop.
Georg Winkler and his wife Lisa have bought the mall from the Foon family and will take it over next Wednesday, when their purchase agreement finalises.
The Foon family have owned the mall for the past 30 years.
“Meng and his family have been very good to deal with,” Mr Winkler said.
“It has been a pleasant transaction and Lisa and I are looking forward to putting our plans for the mall into fruition.”
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