You are here

SUBSCRIBERS
BT EXCLUSIVE

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

BT_20201126_KRQUAY_4342738.jpg
OUE Bayfront, the jewel in OUE Commercial Reit's crown, commands among the highest weighted average office rentals in Singapore.

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...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes