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No Asia Square sale to ARA on expiry of exclusive talks

This may be related to its proposed partner, KIC of South Korea; CapitaLand says it "currently has no plans to bid"

The initial price tag for Asia Square Tower 1 last year was S$4 billion or about S$3,200 psf on NLA of 1.2 million sq ft of offices and 40,000 sq ft of retail space.


BLACKROCK'S exclusive negotiation period on the sale of Asia Square Tower 1 to a consortium led by ARA Asset Management has ended without a deal being concluded, BT understands.

The asset management giant, however, is said to be still in discussions with ARA but may also...

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