Topping the list is a $446 million deal.
Knight Frank reports that commercial and hotel investment sales in 1H 2013 comprised smaller bite-sized deals which totalled about $3.7 billion. This is substantially smaller than $7.4 billion achieved in the latter half of 2012, where we saw large investment transactions exceeding $1 billion, such as the $2.1 billion investment from the flotation of Far East Hospitality Trust and the $1.1 billion investment deal from the increased NTUC Income’s stake in Parkway Parade.
Despite the lower transaction volume in 1H 2013, Knight Frank notes that investment interest in private commercial and hotel sector remains active. "Continuous sourcing for suitable investment developments are observed in the market, though compressed yields and elevated asking prices for available commercial developments remained key concerns for buyers."
Check out the largest deals exceeding $100million.
Do you know more about this story? Contact us anonymously through this link.