Norway fund, CapitaLand team said to be preferred bidder for Asia Square Tower 1
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Singapore
A CONSORTIUM of Norway's sovereign wealth fund and Singapore developer CapitaLand Ltd has been chosen as the preferred bidder for a Singapore office tower being sold by BlackRock Inc, people with knowledge of the matter said on Tuesday.
The bidding group will start exclusive talks with BlackRock on a purchase of Asia Square Tower 1 and could reach an agreement in the next month, according to the people.
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