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Sovereign wealth fund, Qatar Investment Authority (QIA) has agreed to buy Asia Square Tower 1, a world-class commercial development located in Singapore’s Marina Bay business and financial district. Real estate consultancy JLL advised on the transaction. The 43-storey property, which is being sold by global investment management firm BlackRock, comprises more than 1.2 million square …
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BlackRock Inc (BLK.N) has agreed to sell a 43-storey office building in Singapore to Qatar Investment Authority, a sovereign wealth fund, for S$3.4 billion ($2.5 billion), in what the U.S. firm said was the largest-ever single-tower real estate deal in the Asia-Pacific region. Asia Square Tower 1, located in the city-state’s financial district, has over …
Continue reading “The largest-ever single-tower real estate deal in the Asia-Pacific region”
