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ARA sells six levels at Suntec City for about S$160m to Alpha Investment Partners

Kalpana Rashiwala

Kalpana Rashiwala

Published Wed, Feb 13, 2019 · 09:50 PM
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Singapore

THE wave of office investment sales continues as investors ride on the Singapore office rental recovery story. Two substantial deals involving strata offices were recently sealed - one in Suntec City, and the other at The Octagon in Cecil Street.

A fund managed by ARA Asset Management is understood to have sold five office floors in Suntec Tower One and a floor in the adjacent Tower Two for a total of about S$160 million.

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