Jeremy Lake, Executive Director, Capital Markets, CBRE “The market has been eagerly awaiting the confirmation of this deal. It provides another pricing benchmark which reconfirms that the recovery in office rents and prices is well underway and in the last few months more and more local and overseas investors have been asking us about office investment opportunities in Singapore. One or two owners have been tracking this deal pending making a decision to sell their own building”.
CBRE was appointed as one of the joint agents for this transaction for the BlackRock-advised fund.
Desmond Sim, Head, CBRE Research, Singapore and South East Asia “The long-awaited completion of the transaction of Asia Square Tower 2 underlines the continual confidence of investors in the Singapore office market. While this will contribute to the total investment volume for 2017, let us not deny that the investment volume is also picking up on the residential front, largely from collective sales. These two sectors (office and residential) will be the main contributors for another stellar year in 2017.”
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: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2020 revenue). The company has more than 100,000 employees serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of 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 https://www.cbre.com.
