61 Robinson purchased by homegrown private equity group
The buyer, Rivulets Investments, is paying S$422 million for the 20-storey office building
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Singapore
A 20-STOREY office building at 61 Robinson Road that is nearing the completion of a revamp, is changing hands at S$422 million.
A fund managed by ARA Private Funds, part of ARA Asset Management, is selling the property, previously known as Robinson Centre and now known as 61 Robinson.
The buyer is a fund managed by home-grown private-equity fund management group Rivulets Investments, which was set up only in March 2018.
The price works out to S$2,973 per square foot based on the building's post-refurbishment net lettable area (…
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