Logo from LaSalle

TE Capital-LaSalle JV to acquire VisionCrest Commercial 

The asset has an occupancy rate of 99%.

A fund managed by LaSalle, in a joint venture with TE Capital Partners (TEC), has executed a Put and Call Option Agreement (PCOA) to acquire VisionCrest Commercial, an 11-storey Grade A office building at 103 Penang Road, Singapore.

The acquisition marks the second project by the joint venture between TEC and the LaSalle-managed fund.

VisionCrest is a freehold, high-spec, LEED Gold-certified asset with a strata area of 154,711 square feet.

The asset has an occupancy rate of 99%, offering a strong cash flow profile. Manulife Financial Advisers, Puma Sports SEA Trading and The Coffee Bean & Tea Leaf are amongst the tenants of the building.

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