Transactions - JUNE 6, 2016

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

Qatar Investment Authority pays $2.5b for Singapore CBD office

by Andrea Waitrovich

Qatar Investment Authority has acquired Asia Square Tower 1 in Singapore for approximately S$3.4 billion ($2.45 billion). The seller was a subsidiary of a fund advised by BlackRock

This marks the largest single-tower real estate transaction in Asia Pacific to date, and the second largest single-tower real estate transaction globally, according to JLL.

Asia Square Tower 1 totals more than 1.25 million square feet and 43 stories. It has received the U.S. Green Building Council’s LEED Core & Shell Platinum certification. Citibank has been the anchor tenant since the building’s completion in 2011. Together with Asia Square Tower 2, the complex is a world-class integrated development located in Singapore’s Marina Bay business and financial district.

The Qatari sovereign wealth fund has been investing actively in international real estate. It was reported Qatar has plans to buy the luxury St. Regis hotels in New York City and San Franc

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy