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DWS, Hines poised to buy ramp-up industrial building for S$93.8m

The price for Bukit Batok Connection works out to S$248 psf on net lettable area

Kalpana Rashiwala

Kalpana Rashiwala

Published Thu, Jan 6, 2022 · 09:50 PM

    Singapore

    GERMAN asset management company DWS Group and Houston-based privately-owned global property investment firm Hines are understood to be teaming up to buy a 9-storey ramp-up light industrial building in Bukit Batok for S$93.8 million.

    Known as Bukit Batok Connection, the property is being sold by the Soilbuild Business Space Reit, which was privatised last year by a tie-up between Blackstone and Soilbuild Group Holdings co-founder Lim Chap Huat.

    Singapore propertyIndustrial propertyBlackstone

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