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
Add BT as a preferred source
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.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Dasmond Koh’s NoonTalk Media narrows Q3 loss by 41.9% to S$0.4 million
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
New EC rules to cool prices: MOP doubled to curb flipping, no more deferred payments and more units for first-timers
