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
Add BT as a preferred source
Kalpana Rashiwala
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 ft. Robinson Centre is on a site with about 76 years left on its leasehold tenure.
TRENDING NOW
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
CDL, Hong Realty outbid 3 other bidders with S$542.4 million offer at S$1,865 psf ppr for Peck Hay plot
Private equity giant Carlyle can grow bigger but needs to stay on its toes: co-founder David Rubenstein
Evergrande’s liquidation prompts some PwC partners to shield assets, contemplate divorce
