CBRE and Jones Lang LaSalle appointed as joint marketing agents to run an expression of interest exercise
SINGAPORE, 15 August 2013 – CBRE and Jones Lang LaSalle as joint marketing agents, are pleased to offer the entire 6th floor of Peninsula Plaza for sale via an Expression of Interest exercise.
The offering provides an opportunity for owner-occupiers and investors to acquire an entire commercial office floor within a 999-year leasehold, prime office building in Singapore and is held in four strata lots with strata area ranging from 602 sq ft up to 5,263 sq ft, with quantums ranging from approximately S$ 1.5 million up to S$ 13.5 million.
Peninsula Plaza is located at 111 North Bridge Road within Singapore’s civic district and within minutes’ walk to the City Hall MRT interchange. The development is within close proximity to upcoming developments including The Capitol integrated development comprising a six-star hotel, luxury residential, retail and theatre for arts events and the National Art Gallery.
CBRE and Jones Lang LaSalle comment, “This opportunity provides owner occupiers with a long term office accommodation solution within a prime office building located in the CBD. Investors have the ability to capture a potential recovery in the office rental market, which is poised for growth on the back of limited new supply in 2013 and 2014.”
The expression of interest exercise will close at 3pm on Wednesday, 18th September 2013.
Disclaimer:
Neither CBRE nor its affiliated companies make any warranties or claims on the implied accuracy of the information contained herein.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world's largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
