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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

Potential asset enhancement opportunities for Manulife Centre include expanding retail space and boosting NLA by scrapping excess car park lots.


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...

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