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The Philips APAC Centre

Philips Selling APAC HQ in Singapore to Ascendas REIT for $76M

2022/08/10 by Beatrice Laforga Leave a Comment

Philips has agreed to sell its Asia Pacific headquarters in Singapore’s Toa Payoh area to Ascendas REIT for S$104.8 million ($76.2 million), as the Amsterdam-based conglomerate continues to restructure its global operations.

After selling off its domestic appliance and lighting… Read More>>

The Philips APAC Centre

Philips Said Close to Selling $73M SG Industrial Asset and More Asia Real Estate Headlines

2021/12/10 by Michael Cole Leave a Comment

Singapore’s sizzling industrial property market leads today’s roundup of real estate headlines from around the region, as European electronic conglomerate Philips is said to be selling its last remaining workshop facility in the city-state.

Also in the… Read More>>

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