KKR Completes Acquisition Of Twenty Anson

KKR Completes Acquisition Of Twenty Anson Office Bldg

SINGAPORE – KKR has just concluded its purchase of Twenty Anson, an office building in Singapore’s central business district (CBD), according to a press release published on Business Wire on Tuesday morning (19 April, SGT).

The American private equity investment giant said this represents its maiden office property investment in Singapore, and reflects KKR’s confidence in the city-state’s status as a top global financial hub as well as the long-term prospects of its office market.

“We are excited to make our first real estate office investment in Singapore with Twenty Anson, a high-quality asset strategically located in the up-and-coming Tanjong Pagar precinct. We are optimistic about Singapore’s economic growth and the long-term prospects of its office real estate sector, buoyed by the country’s strong recovery from the pandemic, macro tailwinds, and supportive government policy. Singapore continues to be a key part of our real estate strategy,” commented Tom Lee, Managing Director of Real Estate at KKR.

Located in the heart of the Tanjong Pagar precinct, Twenty Anson is a commercial property spanning a 206,163 sq ft that is surrounded by many new office, hotel and retail, and residential projects. It is also located close to public transport networks.

The prime-grade office building also boasts impressive Environmental, Social, and Governance (ESG) credentials. In fact, it’s a recipient of the Gold rating under Leadership in Energy and Environmental Design (LEED) and Green Mark Platinum certification from Singapore’s Building and Construction Authority (BCA).

“Our acquisition of Twenty Anson is aligned with our strategy of pursuing opportunities in Southeast Asia, including in Singapore that will benefit from long-term tailwinds such as the city-state’s status as a leading destination for corporations’ Asia headquarters, and as Singapore re-opens and stabilizes in a post-COVID environment. We are also attracted by Twenty Anson’s strong ESG credentials, which tenants increasingly seek and complement KKR’s global expertise in ESG,” said Jeremy Chee, Principal and KKR’s real estate lead in Southeast Asia.

In Singapore and Southeast Asia, KKR continues to be bullish on commercial property opportunities due to current market trends and improving macroeconomic tailwinds. Sustainable real estate is also a focus, given the region’s growing emphasis on sustainable cities.

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