You are here

CLSA Capital Partners bags 77 Robinson Road for S$530.8m

SEB ImmoInvest fund sells the property for S$1,810 psf; site has 76-year balance lease
Tuesday, November 22, 2016 - 05:50

BT_20161122_KRROBINSON22_2608271.jpg
An earlier CLSA fund had bought 77 Robinson Road in June 2006 for S$343.88 million from Singapore Airlines. It sold the building to SEB ImmoInvest fund for a handsome profit in April 2007 for S$526 million.

Singapore

THINGS have come full circle for CLSA Capital Partners at 77 Robinson Road.

BT understands that it has inked a deal to buy the 35-storey office tower for S$530.8 million or S$1,810 per square foot based on a net lettable area (NLA) of 293,269 square feet.

SEB

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom