BlackRock’s $2.5 Billion Sale: sign Of existence For Singapore’s workplace market
Singapore: BlackRock Inc said it might promote a forty three-storey Singapore workplace tower for $2.five billion – certainly one of at the least 3 workplace building deals in the last months for a market gripped by way of worries approximately oversupply and rising vacancies. The sale to Qatar investment Authority, a sovereign wealth fund, is Singapore’s biggest workplace transaction. it is also the largest unmarried-tower actual estate deal in Asia-Pacific, according to BlackRock, the world’s biggest asset manager. The selling rate of S$2,seven hundred ($1,980) in step with square foot…
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