The Business Times
business-time-50

Korea pension fund expected to take stake in Frasers Tower

A deal is expected to value the entire property at slightly under S$2,900 per square foot on net lettable area, or close to S$2 billion

google-preferred-sourceAdd BT as a preferred source
Published Fri, Jun 21, 2019 · 09:50 PM

    Singapore

    SOUTH Korea's National Pension Service (NPS) is expected to take a stake in Frasers Tower in Singapore's Central Business District, The Business Times understands.

    Market watchers note that NPS has been doing exclusive diligence on the acquisition for some time, for a 50 per cent stake in the 38-storey, premium Grade-A specification office building on Cecil Street.

    Share with us your feedback on BT's products and services

    Feedback

    TRENDING NOW

    The new vehicles will comprise a mix of fully electric and hybrid models, including the BYD Seal 6 DM-i.

    ComfortDelGro’s Zig to buy S$10 million worth of BYD cars for private-hire fleet

    On Wednesday (Aug 19), the 79-year-old stepped down as chairman of the National Wages Council with immediate effect for “personal reasons”.

    From sales executive to DBS chairman: A look at banking veteran Peter Seah’s career

    When BT visited the Japan Home outlet at Westgate on Wednesday, it was engaged in a two-day “stocktaking exercise”.

    Japan Home licenses Singapore retail stores to Valu$ owner Radha Exports

    When BT visited the Japan Home outlet at Eastpoint Mall in Simei on Tuesday, it was conducting stocktaking.

    Japan Home closing outlets; staff say Valu$ taking over operations

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More