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Commerz Real fund's half stake in 78 Shenton Way on the market

Guide price understood to be S$335 million, valuing the entire property at S$1,850 psf on net lettable area

78 Shenton Way has a total net lettable area of 362,199 sq ft, of which 284,622 sq ft is in the older Tower 1, a 34-storey building


AN open-ended global fund managed by Commerz Real of Germany is said to be looking to sell its half stake in 78 Shenton Way in the Tanjong Pagar area.

The sale will be through disposal of 50 per cent of the shares in the company that owns the office development, which