Why AXA Tower could possibly go en bloc

But its tenant Lazada plans to take up 16.6% of the total leasable area.

Perennial Real Estate Holdings' (PREH) AXA Tower has a potential of an en bloc sale, DBS Equity Research said.

According to a report, total strata sales hit $17m in 2017 at an average price of $2,376psf.

However, some existing tenants have taken up additional space for expansion.

Lazada is expanding 3.6x and taking up 16.6% of total office net lettable area (NLA).

Ride-hailing firm Go-Jek is also looking to expand its premises.

The upgrading and refurbishments at AXA Tower are expected to complete by 2019.

Photo by Terence Ong from Singapore. - 8 Shenton Way., CC BY-SA 2.0

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