Offices

Manulife US Reit proposes US$92.5 million sale of Los Angeles property to trim debt

Divestment of 35-storey office property known as Figueroa will see S$10 million net loss

The 14-storey building, formerly known as The Spazio and Dapenso Building, is on a site with a balance lease of about 55 years.
SINGAPORE PROPERTY

Altallo Asset Management inks option to buy 158 Cecil Street for S$175 million

The price works out to S$1,541 psf on the net lettable area of about 113,540 sq ft

The property, 33 Holborn, which is the former headquarters of British grocer J Sainsbury, needs an upgrade in part to comply with stricter energy efficiency requirements.

London’s costly office refurbishments push Chinese owners towards exit

The city stands out as the world’s most international real estate market, with the last decade seeing a major influx of investors from China in particular

Prime US Reit, which counts Tower I at Emeryville (above) among its assets, raised US$25 million through a private placement in September.
HOCK LOCK SIEW

‘The worst has passed’ for US office S-Reits, but investors should not jump in just yet

Investor sentiment towards the sector appears to be stabilising, but recovery among players remains uneven

London office vacancies more than doubled after the pandemic, but a shortage of new projects has created a severe supply squeeze for top-tier space.

London office squeeze lures Australian fund with A$200 billion

Rents are climbing sharply in the most coveted districts, especially for the few new developments nearing completion

In the face of fierce competition, developers are offering rental concessions to keep leasing rates up.

China office developers offer sweeteners, lower rents to lure tenants

The world’s second-largest economy has so far avoided a sharp slowdown in part due to policy support

The 41,000 square metre Paris building also contains 57 luxury apartments, catering and cafes.

Blackstone buys 700 million euros trophy Paris office

The transaction is expected to close in the fourth quarter of 2025

Goldman employs about 8,500 people across its Indian offices.

Goldman Sachs opens new Mumbai office with bigger footprint

India’s financial sector is seeing a renewed wave of global interest from Wall Street lenders and private equity giants