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CapitaLand said to be eyeing Asia Sq Tower 2

Owner BlackRock had sold neighbouring Tower 1 to Qatar fund last June for S$3.4b; Separately, Blackstone said to be seeking S$300m for Sime Darby Centre

Published Thu, Mar 16, 2017 · 09:50 PM

BlackRock

REAL estate developer and fund manager CapitaLand is said to be in exclusive negotiations to acquire Asia Square Tower 2 from BlackRock, PERE reported on Thursday.

The publication, which reports on news in the private real estate markets, cited sources familiar with the transaction as saying that the price that CapitaLand has agreed to pay for the 46-storey prime commercial building in Singapore's Marina Bay district is more than S$2,700 per square foot (psf).

When contacted, John Saunders, Head of Asia Pacific for BlackRock Real Estate, said: "Asia Square is a trophy grade-A office building in Singapore, often considered as one of Asia's best such developments.