ua

/

en

Visit Another Country or Region

Asia Square Tower 1 Sold to Qatar Investment Authority News

Asia Square Tower 1 Sold to Qatar Investment Authority

Asia Square Tower 1 has been sold by a BlackRock-advised fund to the Qatar Investment Authority (QIA) at approximately S$3.4billion (US$2.45 billion). CBRE was one of the two advisors for this transaction for a BlackRock-advised fund.

Rob Blain, Executive Chairman, CBRE Asia Pacific:

“The sale of Asia Square Tower 1 to the Qatar Investment Authority underlines the strong demand for prime core assets around the world, and the ongoing appeal of real estate as a prized asset class. CBRE continues to work tirelessly to build advantage for its clients and this transaction is a great result for the BlackRock-advised fund, the Qatar Investment Authority and for Singapore itself, as the city cements its position as one of the most important commercial real estate markets in the world. CBRE is very proud to have been involved in this major transaction”.

Jeremy Lake, Executive Director, Investment Properties, CBRE Singapore:

“We courted some of the world’s largest funds and leading investors for this exercise and without exception, all of them were in agreement that Asia Square is a premium office asset; the building quality and superior location in the expanding Marina Bay are indisputable. Marina Bay is Singapore’s equivalent to London’s Canary Wharf or Shanghai’s Liujiazui. The buyer and seller can walk away from this deal smiling as both have achieved excellent outcomes”.

Asia Square Tower 1 was awarded Green Mark Platinum status and has world class building/technical specifications. It has the largest floor plate in Marina Bay. The anchor tenant is Citi.

Current news

CBRE Ukraine broadens market presence in Moldova under the brand CBRE Moldova

Kyiv – November 15, 2023 – CBRE Ukraine, a leading commercial real estate services company in [...]

15.11.2023

Coworking Spaces in Ukraine during the War: market has adapted to the new reality

Kyiv – June 22, 2023 – CBRE Ukraine, in collaboration with the Ukrainian Coworking Association [...]

22.06.2023

CBRE Named Top Real Estate Brand in Lipsey Survey for 22nd Consecutive Year

Trammell Crow Company Remains Top Pure Development Company Dallas – February 22, 2023 – CBRE [...]

22.02.2023

CBRE Named Fortune Magazine’s Most Admired Real Estate Company

Dallas – February 1, 2023 – CBRE Group, Inc. (NYSE:CBRE) is the top-ranked real estate company [...]

01.02.2023

Subscribe and receive the latest news by e-mail

Send

Thank you!

We have received your request and will contact you shortly.