CapitaLand Commercial Trust (CCT) is acquiring Asia Square Tower 2 in Marina Bay from US private equity giant BlackRock for $2.09 billion, or $2,689 per sq ft.
The purchase of the 46-floor office block does not include The Westin Singapore hotel on the premises.
It is the latest in recent blockbuster deals in Singapore's office market, and comes a little more than a year after BlackRock sold the larger Tower 1 to the Qatar Investment Authority for $3.4 billion, or $2,720 psf.
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