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BT EXCLUSIVE

78 Shenton Way being sold to PGIM Real Estate

It is understood to be paying headline price of nearly S$1,900 psf on NLA, but deal is complex

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A fund managed by Alpha Investment Partners is selling 78 Shenton Way; it acquired the property in two steps in 2012 and 2016.

Singapore

US-BASED PGIM Real Estate is understood to have entered into a deal to buy 78 Shenton Way from a fund managed by Alpha Investment Partners.

The headline price for the property, which comprises two office towers, is close to S$1,900 per square foot on net lettable area (...

sentifi.com

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