Robinson Centre close to being sold: sources

Price expected to be in the range of S$2,550-S$2,600 psf; buyer understood to be a private fund managed by ARA

Tue, Dec 03, 2019 - 5:50 AM

Kalpana Rashiwalakalpana@sph.com.sg@KalpanaBT

The seller Homax acquired Robinson Centre in 2011 for around S$293 million from a fund managed by Alpha Investment Partners, which in turn had bought the building for S$145 million from GuocoLand in 2006.

PHOTO: GOOGLE MAPS

Singapore

ROBINSON Centre, a 20-storey office building in the CBD, is close to being sold, BT understands.

Market watchers expect the pricing to be around S$340 million, or in the range of S$2,550-S$2,600 per square foot based on the building net lettable area of about 132,300 sq...