Founded in 1912, United Engineers Limited (“UEL”) is one of Singapore’s pioneer companies with its early roots in engineering, and has since gradually built up a business portfolio which includes including property rental, hospitality and property development.
UEL’s property development track record extends across commercial, residential, industrial, mixed-use and build-to- suit projects in Singapore. Its iconic developments include Orchard Gateway, UE BizHub CITY, UE BizHub EAST, as well as the mixed-use development at One-North. It owns several shopping malls including Rochester Mall, The Seletar Mall and UE Square Shopping Mall, and manages Changi Link shopping mall and the Park Avenue chain of hotels, serviced apartments, serviced offices and convention centre. UEL is also involved in residential property development in Malaysia as well as residential and mixed-use projects in China.
In 2017, Oxley Holdings acquired a 15% stake in UEL for S$261 million for investment purpose.