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Chevron House owner said to be seeking buyer

Source says German owner Deka could get S$700m for it

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Published Fri, Jul 7, 2017 · 09:50 PM

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    Singapore

    DEKA Immobilien GmbH, a unit of Germany's DekaBank Group, is putting up an office building for sale in Singapore's central business district, according to a person familiar with the matter.

    The tower, Chevron House, could fetch about S$700 million, said the person, who asked not to be identified because the sale process is private. Deka acquired the property for around US$420 million in 2010 from a property fund managed by Goldman Sachs Group Inc, the company said at the time.

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