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Commerzbank arm sells 71 Robinson Rd to Sun Venture unit for S$655m
Purchase price translates to around S$2,756 per square foot, based on a net lettable area of 237,644 sq ft
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Vivienne Tay
Published Tue, Jul 30, 2019 · 09:50 PM
Singapore
COMMERZ Real has sold its 71 Robinson Road property to SV Robinson for S$655 million. SV Robinson is a real estate investment company which is a member of the Sun Venture group of companies.
The sale was done through its open-ended real estate fund hausInvest, Commerz Real said on Tuesday. The purchase price translates to around S$2,756 per square foot (psf), based on a net lettable area (NLA) of 237,644 sq ft.
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