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
Add BT as a preferred source
Kalpana Rashiwala
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
