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Blackstone said to be in due diligence for bulk residential purchases

Paterson Suites and 21 Anderson bulk purchases expected to be effected through the sale of shares

Kalpana Rashiwala

Kalpana Rashiwala

Published Mon, Nov 3, 2014 · 09:50 PM
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Singapore

GLOBAL investment and advisory giant Blackstone is said to be keen on bulk purchases of high-end residential units in Singapore. It is understood to be doing due diligence for a potential acquisition of 18 four-bedroom apartments at Paterson Suites as well as an en bloc purchase of 21 Anderson Royal Oak Residence. Both are completed freehold developments.

When contacted, Blackstone declined to comment.

Blackstone is said to be doing due diligence on 21 Anderson at around S$159 million or nearly S$1,860 psf based on the total strata area of…

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