You are here

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...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to