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QIA said to be in exclusive talks to buy Asia Square Tower 1

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Observers believe that the successful buyer of Asia Square Tower 1 would likely seek a right of first refusal to acquire the rest of BlackRock's space in Tower 2.

Singapore

A NEW party is in exclusive negotiations with BlackRock to buy Asia Square Tower 1. This time, sovereign wealth fund Qatar Investment Authority (QIA) is said to be the potential buyer.

The price is estimated at around S$2,700 per square foot of net lettable area (NLA).