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ARA sells six levels at Suntec City for about S$160m to Alpha Investment Partners

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Kalpana Rashiwala

Kalpana Rashiwala

Published Wed, Feb 13, 2019 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    Singapore

    THE wave of office investment sales continues as investors ride on the Singapore office rental recovery story. Two substantial deals involving strata offices were recently sealed - one in Suntec City, and the other at The Octagon in Cecil Street.

    A fund managed by ARA Asset Management is understood to have sold five office floors in Suntec Tower One and a floor in the adjacent Tower Two for a total of about S$160 million.

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