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Ascendas Reit to build S$181.2m Singapore HQ
Transactions - JANUARY 31, 2019

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Ascendas Reit to build S$181.2m Singapore HQ

by Andrea Zander

Technology company Grab Singapore has plans to build a new S$181.2 million ($134.7 million) headquarters in Singapore.

The firm appointed Ascendas Reit to develop and manage it.

The new building, to be located within one-north business park, will be a consolidation of Grab’s current offices. It will have an estimated gross floor area of 42,310 square meters (455,421 square feet) and is expected to complete in fourth quarter 2020.

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