One Raffles Place Draws S$2.3 Billion Interest From IOI, CapitaLand and Tycoons
Updated
Updated · Bloomberg · May 26
One Raffles Place Draws S$2.3 Billion Interest From IOI, CapitaLand and Tycoons
1 articles · Updated · Bloomberg · May 26
One Raffles Place is drawing multiple bidders as the Singapore office complex is marketed for more than S$2.3 billion, according to people familiar with the matter.
IOI Properties, CapitaLand Investment and father-and-son property tycoons Raj Kumar and Kishin RK are among parties exploring an acquisition of the asset.
The complex sits in the heart of Singapore’s commercial center, making it one of the city’s most prominent office sale opportunities at about $1.8 billion.
How will the S$2.3B sale of One Raffles Place redefine the value and future of Singapore's prime office real estate?
With tycoons and giants vying for One Raffles Place, whose strategy will win this S$2.3 billion prize?
Is OUE REIT's landmark sale a smart capital pivot or a premature exit from a prime asset in a booming market?