HOCK LOCK SIEW
What’s taking Hongkong Land fund so long to seal Marina One deal?
The sheer asset size may mean the fund could require more time to raise equity
[SINGAPORE] For several months now, market watchers have been expecting Hongkong Land to announce an acquisition of the commercial component of the Marina One complex.
The asset, with an asking price of about S$5.7 billion, comprises about 1.88 million square feet (sq ft) of net lettable area of premium Grade A office space and 140,000 sq ft of retail space.
This is part of a mixed-use project developed by M+S, a 60:40 joint venture between Malaysian sovereign wealth fund (SWF) Khazanah Nasional and Singapore state investor Temasek.
Hock Lock SiewHongkong LandMapletree InvestmentsKhazanah NasionalTemasekSingapore propertySingapore commercial propertySingapore offices
