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UK group in exclusive due diligence for Manulife Centre

If acquisition by Chelsfield confirmed at about S$550m, deal will be biggest local office transaction so far for 2018

Manulife Centre, flanked by two MRT stations, has potential for asset enhancement. Among other things, excess carpark lots could be scrapped to raise the building's net lettable area.


BRITISH property group Chelsfield is understood to be effecting exclusive due diligence on Manulife Centre in Bras Basah Road with a view to purchasing the 11-storey commercial building.

The price is expected to be around S$550 million. This would reflect around S$2,300...

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