PGIM

The new owners are not expected to redevelop the asset in the near term; they will hold it as landbank

The PGIM-managed fund that owns the property is seen exiting at a loss

The 14,252 sq ft office space is on the 8th, 11th and 12th floor of the 12-storey freehold building

The property is located on a site area of around 22,300 square feet

The firm’s Asia-Pacific head says the office market in Singapore continues to be strong despite companies restructuring and cutting costs

A GROWING chorus of investors expects the pound to rally to US$1.30, a level last sustained two years ago, arguing that the Bank of England (BOE) will prove reluctant to cut interest rates as quickly ...

Owners of Peace Centre redevelopment and 55 Market Street also seen as potentially cashing in on strong demand for strata offices

PGIM Real Estate sees merits in repurposing or refreshing old buildings under the group's portfolio, rather than tearing them down and rebuilding from the ground up.

PGIM Real Estate has acquired 108 Robinson Road for US$107 million, announced the real-estate investment and financing business of PGIM - the global investment management business of New York-listed P...