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.

Source: IPE

Melike Vodina /