ARA and Chelsfield acquired Manulife Center for $ 555.5 million
Chelsfield and ARA Asset Management purchased a commercial tower in Singapore for $ 555.5 million. Chelsfield Asia entered the 50-50 joint venture with a private property fund managed by ARA to purchase the Manulife Center at Bras Basah Road.
Dealers are Alpha Asia Micro Trends Fund II, a fund managed by Alpha Investment Partners and City Developments, a Singapore-based property group.
Melike Vodina / realestatecoulisse.com