COMMERCIAL PROPERTY | Staff Reporter, Singapore

Oxley buys Chevron House for $660m

It intends to alter and renovate the prime office building.

Oxley Holdings Limited (Oxley) purchased prime office building Chevron House from Deka Singapore A Pte Ltd for $660m.

Chevron House is a 32-storey commercial development comprising 27 levels of office space and a five-storey retail podium with an existing net lettable floor area of 24,273 sqm.

It has a land area of 2,777.9 sqm and is zoned as commercial.

Oxley intends to carry out alterations and additions and renovations to the building, subject to obtaining all the necessary approvals from the relevant authorities.

Oxley initially deposited $33m and is set to complete the purchase on 29 March 2018. 

Photo By Terence Ong - Own work, CC BY 2.5

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