The Business Times

Property

The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Property

SUBSCRIBERS

S$210m sale of Anson House completed

Transaction takes total Singapore office investment sales YTD to S$5.43b, surpassing 2018's S$5.24b

Kalpana Rashiwala

Kalpana Rashiwala

Published Wed, Aug 14, 2019 · 09:50 PM
Share this article.

Singapore

HONG KONG-BASED fund manager Arch Capital Management completed the acquisition of Anson House for S$210 million on Wednesday.

The price works out to S$2,435 per square foot based on the 13-storey building's net lettable area (NLA) of 86,239 sq ft.

This confirms a report in June in The Business Times Weekend, which had cited market watchers tipping Arch Capital Management as the party that was doing exclusive due diligence with a view to buying Anson House for about S$210 million.

The property has been sold by a fund managed by Savills Investment Management (Savills IM), which was formerly known as SEB Asset Management …

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Property

newspaper iconPurchase this articleshopping cart icon

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here