Landsec Sells 21 Moorfields Office Tower To Lendlease For £809mil

UNITED KINGDOM – Land Securities Group (Landsec) has signed a deal to sell 21 Moorfields, an under-construction office project in London, to an investment vehicle overseen by Lendlease for £809 million (S$1.27 billion), according to...

Freehold Commercial Bldg In Joo Chiat Road Up For Grabs

SINGAPORE – Local real estate player Lian Beng Group is divesting a freehold commercial building at 381 Joo Chiat Road for about S$42 million, reported The Edge on Wednesday afternoon (14 September, SGT). In a filing...

Singapore’s Mercatus Selling Stake In Sydney Office Tower

AUSTRALIA – Mercatus Co-operative, the real estate division of Singapore-based insurance firm NTUC Enterprise Co-operative, is planning to divest its 33.3 percent stake in a Sydney office building that it purchased just 14 months ago,...

Sultan Plaza Eyes Another En Bloc Sale Attempt

SINGAPORE – Marketing agent Teakhwa Real Estate announced that Sultan Plaza, a mixed-use commercial property, is poised to relaunch its collective sale tender on Friday after two earlier attempts failed to entice a buyer, reported...

Office Floor At Suntec Tower 2 Bought For S$41.15mil

SINGAPORE – It has been learnt that level 31 of Suntec Tower 2 is selling for S$41.15 million, which works out to S$3,350 psf based on the asset’s strata area of around 12,282 sq ft,...

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