UK Property Group Chelsfield Asia acquire Singapore office building
Chelsfield Asia: “Its objective is to create a portfolio of high-quality assets for medium-term capital and income growth and to generate attractive risk-adjusted returns for its investors. In line with the rest of Chelsfield’s international portfolio, the focus is on delivering high-quality, innovative and design-led asset management solutions.”
A recent acquisition by Asset Management (Singapore-based real estate investor) and Chelsfield Asia see the pair add to their portfolio the Manulife Centre, Singapore as part of a joint 50/50 venture.
No further details have been released though a valuation of the purchase puts it at over $350 million.
A full report can be read on Deal Street Asia.