Qatar fund makes the largest-ever single-tower deal in Asia-Pacific region

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Qatar fund makes the largest-ever single-tower deal in Asia-Pacific region
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Qatar sovereign investment fund has acquired an Asia Square Tower skyscraper in Singapore from BlackRock company on recommendation of real estate consultant firms JLL and CBRE.




Qatar sovereign investment fund has acquired an Asia Square Tower skyscraper in Singapore from BlackRock company on recommendation of real estate consultant firms JLL and CBRE. The deal is estimated at $2,5 bn, what made it the largest-ever single-tower real estate deal in the Asia-Pacific region.

A 43-storey office building has an area of over 110,000 m2 of class A of office premises and 3,700 m2 of retail outlets. Asia Square Tower is located along Marina View at Marina Bay.

“Following this flagship transaction, we expect there will be increasing investor interest in Singapore prime office stock in the coming months”, - the Channel News Asia cites Greg Hyland, head of capital markets Singapore at JLL.

BlackRock also owns another tower in the Asia Square development.



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