Allianz Real Estate Snaps Up 50pc Stake in OUE Bayfront
Allianz Real Estate Snaps Up 50pc Stake in OUE Bayfront Allianz Real Estate has deepened its commercial real estate interests in Singapore after purchasing a 50 per cent stake in OUE Bayfront, a deal worth US$476.6 million (A$615m). Located in the Marina Bay precinct the partial sale of the 18-storey prime office space building in Singapore’s CBD reinforces investor confidence in office assets in gateway cities according to JLL chief executive of capital markets Stuart Crow. “This transaction demonstrates that global investor appetite for high quality office buildings remains very strong ...
Source: theurbandeveloper.com