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FINANCIAL NEWS
QIA acquires USD2.45bn tower in Singapore
12 Jun 2016
(MENAFN) Qatar Investment Authority (QIA), bought Asia Square Tower 1, a premium office tower at Marina Bay, and Singapore’s equivalent to London’s Canary Wharf at USD2.45 billion from a Black Rock-advised fund.
“The sale of Asia Square Tower 1 to the QIA underlines the strong demand for prime core assets around the world, and the ongoing appeal of real estate as a prized asset class.” The executive chairman, CBRE Asia Pacific, said.
He also pointed that his firm will keep working hard to build advantage for its clients and this transaction is a great result for the Black Rock advised fund.
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