Bidding race heats up for $3.5b Asia Square Tower 1
The deal could be closed in 2 months.
CapitaLand and Keppel Land are up against stiff competition in the race to acquire Asia Square Tower 1.
A report by Bloomberg said that Norway’s sovereign wealth fund is among bidders for the property, which is valued at over $3.5b and currently owned by asset manager BlackRock.
The agreement for Asia Square Tower 1 could be reached over the next 60 days, the report said, citing a person familiar with the deal.
Read the full report here.