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Perennial Real Estate-led group close to buying AXA Tower

Price said to be about S$1.18 billion, which works out to S$1,750 psf on existing net lettable area

The consortium is likely to spruce up and reposition the 29,177 sq ft retail space on Level 1 and the basement of AXA Tower.


PERENNIAL Real Estate Holdings is said to be leading and syndicating a consortium that is close to inking a deal to buy AXA Tower - the 50-storey distinctive circular office building opposite Tanjong Pagar MRT Station - from BlackRock.

The price is about S$1.18 billion,