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Qatar sovereign wealth fund close to buying Asia Sq Tower 1

Asia Square Tower 1 has 1.287 million sq ft net lettable area including about 39,220 sq ft of retail space.


QATAR Investment Authority (QIA) is said to be on the brink of sealing a deal to buy Asia Square Tower 1 from BlackRock. The price is expected to be about S$2,700 per square foot of net lettable area (NLA) or S$3.5 billion.

The lump sum price will set a fresh record for...

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