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
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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