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QIA said to be in exclusive talks to buy Asia Square Tower 1
Published Thu, May 19, 2016 · 09:50 PM
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). Based on the 43-storey tower's 1.2 million sq ft of offices and about 40,000 sq ft of retail space, the lumpsum price would be around S$3.35 billion.
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