Chevron House owner said to be seeking buyer

Singapore

DEKA Immobilien GmbH, a unit of Germany's DekaBank Group, is putting up an office building for sale in Singapore's central business district, according to a person familiar with the matter.

The tower, Chevron House, could fetch about S$700 million, said the person, who asked not to be identified because the sale process is private. Deka acquired the property for around US$420 million in 2010 from a property fund managed by Goldman Sachs Group Inc, the company said at the time.