Lian Beng-led consortium in S$207m deal to sell 79,500 sq ft space at Prudential Tower

Singapore

A CONSORTIUM led by Lian Beng Group is selling 17 strata office units at Prudential Tower for S$206.59 million. This works out to S$2,600 per square foot based on the strata area of 79,459 sq ft. Prudential Tower is on a site with a balance lease term of 78 years.

The buyer is understood to be a separate account managed by One Tree Partners, a relatively new private equity fund management outfit set up by Tan Shern Liang and Roy Tan.