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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

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Manulife Centre has an attractive city-fringe location near the Orchard corridor in the Bras Basah precinct, flanked by two MRT stations.

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....

sentifi.com

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