Bidding race heats up for $3.5b Asia Square Tower 1

The deal could be closed in 2 months.

CapitaLand and Keppel Land are up against stiff competition in the race to acquire Asia Square Tower 1.

A report by Bloomberg said that Norway’s sovereign wealth fund is among bidders for the property, which is valued at over $3.5b and currently owned by asset manager BlackRock.

The agreement for Asia Square Tower 1 could be reached over the next 60 days, the report said, citing a person familiar with the deal.

Read the full report here.  

 

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!