Bright Ruby Resources, an investment firm backed by Chinese billionaire Du Shuanghua, has won the tender for 16 Collyer Quay, picking up the Raffles Place office tower from NTUC Income for approximately S$1 billion ($717.2 million), according to multiple sources… Read More>>
UOL’s SingLand to Redevelop Clifford Centre at Raffles Place as Rents Rise
Singapore Land Group (SingLand) announced Thursday that it has received provisional approval to refurbish its Raffles Place headquarters into a new building which could reach as high as 50 storeys, as office rents continue to rise in the city-state’s central… Read More>>
KTCU, CalSTRS Launch $505M US Warehouse JV and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, two large teacher pension funds launch a joint venture to invest in US logistics assets, Chinese developer Vanke moves ahead with the Hong Kong IPO of its property management spin-off, and Las Vegas… Read More>>
AEW Selling Office Tower in Singapore’s Raffles Place To Kajima For $213M
Global fund manager AEW is selling a 16-storey office block in Singapore’s Raffles Place to a unit of Japanese construction and real estate firm Kajima Corp for S$286.9 million ($213.4 million), as global investors continue to target Singapore office assets.
JP Morgan, Nuveen Buying SG Office Tower From CICT and FWD for $950M
SGX-listed CapitaLand Integrated Commercial Trust and insurer FWD Group have agreed to sell their respective half-stakes in a Singapore office building for a total consideration of S$1.28 billion ($950 million), with a Mingtiandi source identifying the buyer as a joint… Read More>>
IWG Grabs Two Floors at Raffles Place for New Regus Singapore Location
Flexible office giant IWG is adding 22,000 square feet (2,044 square metres) of workspace across two floors in CapitaLand’s Plus building at Singapore’s Raffles Place.
The arrangement will bring Switzerland-based IWG’s Regus brand to the 28-storey building at 20 Cecil… Read More>>
CapitaLand Tops Out Singapore Trophy Tower, Targets Completion This Year
CapitaSpring, a $1.3 billion mixed-use project in Singapore’s Raffles Place commercial hub, has achieved its full height of 280 metres (919 feet), according to an announcement by its owners.
Now 75 percent complete in terms of overall construction, the 51-storey… Read More>>
Tencent to Open First SG Office in OCBC Centre East and More Asia Real Estate Headlines
Singapore continues to attract tech giants from both east and west, with China’s Tencent now reported to be opening its first office in the city-state, soon after Tiktok’s parent firm Bytedance chose to upsize its footprint in the city.
Also… Read More>>
Singapore’s Sun Venture Tries for Record Office Price as Market Rebounds
Singapore-based Sun Venture is aiming for a record price for a set of strata floors in the city’s urban core as investor demand returns to the financial hub.
The investment manager has put up for sale floors nine and 10… Read More>>
Singapore Office Building Selling for S$500M, 34% Over Valuation
Tuan Sing Holdings has agreed to sell the Robinson Point office building near Singapore’s Raffles Place central business district for S$500 million ($364.2 million), or 34 percent over the property’s book value, notching an above market deal after real estate… Read More>>