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BlackRock buying Admiralty industrial property for S$106m
The price works out to nearly S$226 psf based on the net lettable area of 469,145 sq ft
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Kalpana Rashiwala
Published Wed, Apr 25, 2018 · 09:50 PM
Singapore
BLACKROCK, which exited the Asia Square development in the Marina Bay area last year, is understood to be buying a high-specification light industrial building on Admiralty Street for S$106 million.
Admirax, a seven-storey property in the Woodlands area that received Temporary Occupation Permit in 2009, is being sold by a unit of Ascendas-Singbridge.
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