trending Market Intelligence /marketintelligence/en/news-insights/trending/TgNKf1xTAMKzgNEwUNEHUA2 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

Oxley Holdings accepts US fund's S$1.03B offer to buy Singapore building

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


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

Oxley Holdings accepts US fund's S$1.03B offer to buy Singapore building

Oxley Holdings Ltd. is selling the Chevron House commercial building in Singapore for nearly S$1.03 billion to an unnamed U.S.-based real estate fund.

The divestment will involve the transfer of the Singapore-listed developer's Oxley Beryl Pte. Ltd. subsidiary, which owns the 32-story property at 30 Raffles Place. It is being made after the March 14 acceptance of an expression of interest for Oxley Beryl's entire and paid up share capital.

Oxley Beryl formally gained ownership of the building occupied by oil giant Chevron in March 2018, following the completion of its S$660.0 million deal with Deka Immobilien GmbH's Deka Singapore A Pte. Ltd. subsidiary. Back then, Oxley Holdings intended to increase by at least 20% the net lettable area of the property from 24,273 square meters.

The latest nonbinding agreement concerning Chevron House is conditional upon, among other things, the satisfactory completion of a due diligence process and the signing of a definitive sale-and-purchase deal.

The vendor gave the U.S.-based real estate fund an exclusive dealing period that will last for 45 days from March 14. The exclusive dealing period could be extended by another seven days.

As of March 14, US$1 was equivalent to S$1.36.