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Allianz-linked entity moves to buy stake in OUE Bayfront
The deal is expected to price the entire asset at about S$3,200 psf on NLA or S$1.28 billion
Published Wed, Nov 25, 2020 · 09:50 PM
Singapore
AN entity linked to Allianz Real Estate is said to be in exclusive due diligence with a view to acquiring a partial stake in OUE Bayfront.
The deal is expected to price the asset - the jewel in OUE Commercial Reit's crown - at about S$3,200 per square foot of net lettable area, or S$1.28 billion.
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