Keppel REIT selling Bugis Junction Towers for 5475 mil The Edge Singapore. 230 Victoria Street 06-08 Bugis Junction Towers Singapore 188024 While every reasonable care has been taken in preparing this factsheet the landlord and its marketing agent shall not be held responsible for any inaccuracies in its contents.
Bugis Junction Office Tower Green Wall
Bugis Junction Towers The 15-storey Bugis Junction Towers is part of the Bugis Junction integrated mixed-use development and owned by Keppel Reit.
Bugis junction tower keppel. Its tenants are Enterprise Singapore. Ltd however the Business Times reports that the main buyer is a fund managed Angelo Gordon Co. Of S5475 million S2200 psf is S3880 million or 2432 above the.
Ad Big Savings on Hotels Resorts - Deals up to 50 off. The sale to Village Prop marks a whopping 2432 percent over the original purchase price. Two Australian assets 8 Chifley Square and 8 Exhibition St saw lower valuations due to potential movements in occupancy.
Keppel REIT is divesting its strata ownership of Bugis Junction Towers which it has held since its listing in 2006 for a sale price of 5475 million. Keppel Land Bugis Bugis Junction Towers. The income from Bugis Junction Tower is estimated 13 for 2016.
Completed in 1994Bugis Junction Towers is a 15-storey Grade A office building with approximately 70-year leasehold land tenure remaining and close to 250000 sf of NLA. To date K-REITs portfolio remains unchanged with four office buildings. Bugis Junction Towers is located along Victoria Street and sits atop Bugis MRT Station the interchange for the East West Line and Downtown Line.
It offers close to 250000 sf of quality office space and floor plates of approximately 20000 sf. Bugis Junction Towers is a leasehold 99 Yrs from 1990 Office property located at D7 Downtown Core. Keppel Pacific Oak US REIT expanded into new key growth market of Dallas.
SINGAPORE Oct 1. Keppel DC REIT acquired 2 Singapore assets. Purchase price of S1595 million.
Keppel REIT The 15-storey asset has been acquired by Singapore-incorporate company Village Prop. This development is uncomplete Its highest recorded transaction was S 1835 psf in Sep 2019 for a 298421-sqft unit in Office type and its lowest recorded transaction was S 1835 psf in Sep 2019 for a 298421-sqft unit in Office type. Keppel had owned Bugis Junction Towers since 2006 when it purchased the asset for S1595 million or approximately 1165 million in todays currency.
KEPPEL Reit has sold Bugis Junction Towers to Village Prop Pte Ltd for S5475 million or S2200 per square foot S388 million more than the S1595 million the property was acquired for in 2006. Typical floor plate is 6458 sq ft. Ocean Financial Centre income contribution is 66 with 275 George street income contribution at 12 and 8 Exhibition street at 9.
Keppel Land Bugis Location. Book Now Save. SINGAPORE Oct 1.
Keppel REIT has mortgaged its Bugis Junction Towers for a 5 year revolving loan facility of S350 million. Keppel REIT Made Huge profits of Around 3781 million Bugis Area Currently Draw the Most Attention. Keppel REITs continued portfolio optimisation efforts saw maiden acquisition in Seoul and divestment of Bugis Junction Towers.
The New York based fund manager has signed an agreement to purchase the office component of the Bugis Junction Towers complex at the fringe of Singapores downtown core for S5475 million 3948 million from Keppel REIT according to an announcement to the Singapore bourse. The sale realises capital gains of about S3781m as part of Keppel REITs ongoing portfolio optimisation strategy. Keppel Towers 853 occupied 3.
The Business Times understands the main buyer is a fund managed by Angelo Gordon a US-headquartered global alternative investment manager. 230 Victoria Street 15-0508. Bugis Junction Towers has been held since Keppel REITs listing in 2006 The sale price.
Keppel REITs portfolio valuation excluding Bugis Junction Tower and T Tower increased 01 mainly from 10-25bps cap rate compression and completion of 311 Spencer St partially offset by impact of AUD depreciation. But with 70 of the portfolios net lettable area due between now and 2010 K-REIT Asia can capitalise on the strong market upswing resulting from overwhelming demand and. Keppel Infrastructure Trust acquired the A1b Ixom.
Features include Full glass windows in-house F B and gym and 5m ceiling height. This low-rise 3-storey building was previously known as the Custom House and has recently been refurbished to provide affordable office space for lease on the edge of the business district. The office tower is directly linked to the retail mall and a five-star hotel as well as the Bugis MRT station which serves both the.
Bugis Junction Towers Was SOLD Recently to Angelo Gordon and TCRE Partners for 5475 million. Keppel REIT is divesting its strata ownership of Bugis Junction Towers which it has held since its listing in 2006 for a. Prudential Tower 869 occupied 2.
Bugis Junction Towers image. The transaction will contribute capital gains of approximately S3781 million after taking into account capitalised expendituresand divestment costs. While locals PRs and foreigners are eligible to buy it attracts no ABSD and SSD charges.
4600sqft we have been hearing very positive feedback from both staff and visitors alike on how impressive this project turned out. Keppel land real estate services pte. The development has 100 committed occupancy and a long weighted average lease expiry WALE of 62 years as at 30 June 2019 principal.
Contact - Keppel Land Ltd. Oct 1 2019 449 pm SINGAPORE THE BUSINESS TIMES - Keppel Reit has sold Bugis Junction Towers to Village Prop for 5475 million or 2200 per sq ft 388 million more than the 1595 million. Bugis Junction Towers 962 occupied approx.
44 of strata area committed occupancy as at 30 Sep 05 Total value of initial acquisitions S6307 million. BUGIS JUNCTION TOWERS 230 Victoria Street Singapore 188024 230 Victoria Street 230 Singapore 188024. Bugis Junction Towers has been held since Keppel REITs listing in 2006 Divestment Rationale Attractive asset-level returns of 194 pa driven by 3781 million1 of capital gains Unlock value of capital appreciation while maintaining exposure to Singapore CBD Improved financial flexibility for ongoing portfolio optimisation.
Prudential Tower 44 of the strata area Keppel Towers GE Tower and Bugis Junction Towers. The staff lounge is now a highly. GE Tower 4.
Singapore S Keppel Reit Divests Bugis Junction Towers For 396 Mln
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