DWS, Hines poised to buy ramp-up industrial building for S$93.8m
The price for Bukit Batok Connection works out to S$248 psf on net lettable area
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Singapore
GERMAN asset management company DWS Group and Houston-based privately-owned global property investment firm Hines are understood to be teaming up to buy a 9-storey ramp-up light industrial building in Bukit Batok for S$93.8 million.
Known as Bukit Batok Connection, the property is being sold by the Soilbuild Business Space Reit, which was privatised last year by a tie-up between Blackstone and Soilbuild Group Holdings co-founder Lim Chap Huat.
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