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ARA in advanced talks for Manulife Centre

It has emerged as potential buyer after exclusive due diligence period granted earlier to British property group lapsed without a deal

Kalpana Rashiwala

Kalpana Rashiwala

Published Wed, Sep 12, 2018 · 09:50 PM
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Singapore

AN ENTITY linked to ARA Asset Management is said to be in advanced negotiations for the purchase of Manulife Centre in Bras Basah Road.

This is after the exclusive due diligence period granted by the vendors to a potential buyer, British property group Chelsfield, lapsed early last month without a deal being sealed.

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