The Business Times
business-time-50

Gaw Capital, Allianz in talks to buy Duo office, retail space for over S$1.5b

Kalpana Rashiwala

Kalpana Rashiwala

Published Thu, May 30, 2019 · 09:50 PM

    Singapore

    A GAW Capital Partners-led consortium that is expected to include Allianz Real Estate is negotiating to buy the office and retail space at the Duo project in the Bugis area.

    The Business Times understands that a deal has yet to be inked. The pricing being discussed is expected to be shy of S$2,600 per square foot for the total net lettable area (NLA) of about 615,000 sq ft for the office and retail space.

    Allianz

    TRENDING NOW

    Buying a new EC unit can be a cost-effective way to get into private homeownership.

    Can a first-time homebuyer couple earning S$18,000 a month afford a new EC unit?

    From left: Pham Nhat Quan Anh, Pham Nhat Vuong, Pham Thu Huong and Pham Nhat Minh Hoang. The couple (centre) remain senior figures in Vingroup, with their children’s presence in the ecosystem growing.

    He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons

    The Golden Violet oil tanker docked at a PT Pertamina facility in Tanjung Priok Port in Jakarta, Indonesia. Asia’s new energy security architecture should have a support mechanism to help Asian countries build emergency oil reserves through financing and technical assistance.

    Asia needs new energy security architecture

    Chagee's flagship store at VivoCity. The milk-tea brand is pivoting away from a franchise-heavy structure towards greater direct ownership.

    Chagee, Mixue and Luckin won the market. Sustaining their edge is the harder part

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More