Announced
Financials
Sources
Tags
Real Estate Holding and Development
office asset
Cross Border
Majority
Pending
Singapore
office real estate
Acquisition
Private
Private Equity
Friendly
Single Bidder
Synopsis
JP Morgan Asset Management, agreed to acquire a 50% stake in One George Street, an office real estate in Singapore, for $472m. The 23-floor Grade A office tower is strategically located in the central business district with access to multiple transport links. It has a green building certification and an occupancy rate of 97% as of September 30.
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