trending Market Intelligence /marketintelligence/en/news-insights/trending/FGPsS9XpIOTV04_w2zYGfA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Report: Ara Real Estate-M&G JV nears S$340M deal for Singapore property

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate CRE Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


Report: Ara Real Estate-M&G JV nears S$340M deal for Singapore property

A joint venture between the Ara Asset Management Ltd.-managed Ara Real Estate Partners Asia II LP and U.K. investment firm M&G is believed to be nearing a deal worth about S$340 million to acquire a commercial building in Singapore's financial district, Mingtiandi reported, citing a source familiar with the transaction.

While the details of the joint venture's structure were not revealed, the news platform identified Homax Pte. Ltd., a private company controlled by the family of Taiwanese billionaire Tsai Tseng-yu, as the vendor of the Robinson Centre at 61 Robinson Rd. under the rumored Sakal Real Estate Partners-brokered deal.

The Robinson Centre is a 20-story building with a net leasable area of about 132,300 square feet. It has 76 years remaining on its 99-year leasehold tenure and is leased to various local and international tenants including banks, financial companies and consultancy firms, Mingtiandi noted.

Ara Asset declined to comment regarding the potential transaction, while Sakal Real Estate did not reply to an inquiry at the time of publication, the Dec. 16 report added.

As of Dec. 16, US$1 was equivalent to S$1.35.