Desmond Sim, Head, CBRE Research, Singapore and South East Asia:
“The Holland Road site is part of the Holland Village masterplan. The site’s iconic location spurred some firms to put in more than one bid, through Joint Ventures and consortiums. The tender drew added interest because of the weightage placed on the concepts and designs proposed and the ability to integrate the existing businesses together with the new build environment. As it is a mixed development, as well as a GLS site, the tender presents greater opportunities for a divestment of uses and a clearer acquisition process for developers compared to participating in a collective sale.”
Follow us on Twitter: @cbresingapore
And on LinkedIn: company/cbre-asia-pacific
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.