Gaw Capital, Allianz in talks to buy Duo office, retail space for over S$1.5b
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Kalpana Rashiwala
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Singapore
A GAW Capital Partners-led consortium that is expected to include Allianz Real Estate is negotiating to buy the office and retail space at the Duo project in the Bugis area.
The Business Times understands that a deal has yet to be inked. The pricing being discussed is expected to be shy of S$2,600 per square foot for the total net lettable area (NLA) of about 615,000 sq ft for the office and retail space.
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