Ascott Residence Trust has sold the Ascott Raffles Place Singapore to a local private investor for S$353.3 million, according to a filing by the REIT’s manager to the Singapore Exchange last week, parting with one of the most recognisable properties in the… Read More>>
A joint venture between ARA Asset Management and Chelsfield Asia has purchased the Manulife Centre on Singapore’s Bras Basah Road for S$555.5 million ($408.8 million), according to statements released late Friday.
Singapore-based ARA and Chelsfield, the Asian arm of a… Read More>>
PGIM Real Estate is understood to have entered into an agreement with Alpha Investment Partners to buy 78 Shenton Way, a prime office property in Singapore from a fund managed by Alpha Investment Partners for around S$680 million ($494 million),… Read More>>
Property developer OUE is selling the office component of its 1.24 million square foot (115,000 square metre) OUE Downtown complex to OUE Commercial Real Estate Investment Trust (OUE C-REIT) for S$908 million ($661 million), according to a recent announcement by… Read More>>
CapitaLand announced on August 27th that the company is selling its 70 percent stake in the Westgate shopping centre in Singapore to its CapitaLand Mall Trust (CMT) affiliate for S$789.6 million ($578.6 million). The transaction, which is expected to be… Read More>>
Robinson 77 is on the market for S$725 million ($530 million), less than two years after a CLSA fund bought the property for S$530.8 and just over a decade after another CLSA investment vehicle bought and resold the building within… Read More>>
In what would be its first Singapore deal, UK property developer Chelsfield is said to be closing in on an acquisition of the Manulife Centre on Singapore’s Bras Basah Road in the latest sign of ongoing growth in the city-state’s… Read More>>
CapitaLand Commercial Trust (CCT) has chalked up Singapore’s biggest office transaction of the year by agreeing to sell Twenty Anson, a 20-storey office building in the Tanjong Pagar neighbourhood, for a total of S$516 million ($379 million).
The Singapore-listed trust,… Read More>>
Hong Kong-listed developer Far East Consortium (FEC) is making another move to bolster its portfolio in Singapore, buying a freehold residential project near the Orchard Road shopping district from a seller believed to be US private equity giant Blackstone for… Read More>>
The Canada Pension Plan Investment Board (CPPIB) has teamed up with Singaporean sovereign wealth fund GIC to buy a landmark office tower in Seoul for 418 billion won ($380 million). The global investment giants will each take a 50 percent… Read More>>