SUBSCRIBERS

ARA, Chelsfield acquire Manulife Centre in Singapore for S$555.5m

Joint venture plans to transform 241,000 sq ft property into a unique lifestyle-based workplace asset

Published Fri, Jan 4, 2019 · 09:50 PM

Singapore

ARA Asset Management and British property group Chelsfield have jointly acquired Manulife Centre at 51 Bras Basah Road for around S$555.5 million.

That's about S$2,305 per square feet for the 11-storey commercial building with a net lettable area of over 241,000 sq ft.

BT is now on Telegram!

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

Property