AEW selling 55 Market Street to Kajima unit for nearly S$287m
The price for the 999-year building in the Raffles Place financial district works out to about S$3,450 psf on net lettable area
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Singapore
US-BASED real estate investment manager AEW is selling 55 Market Street to an indirect wholly-owned Singapore-based real estate unit of Tokyo-based Kajima Corporation, for nearly S$287 million, The Business Times understands.
The price for the 16-storey, 999-year leasehold building in the Raffles Place financial district works out to about S$3,450 per square foot on the net lettable area (NLA) of 83,000-plus sq ft.
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