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Commercial real estate deals roaring back to life

7 and 9 Tampines Grande, which comprises two blocks of offices linked by an entrance lobby with retail, as well as food and beverage outlets on the ground floor.
7 and 9 Tampines Grande, which comprises two blocks of offices linked by an entrance lobby with retail, as well as food and beverage outlets on the ground floor.PHOTO: CUSHMAN & WAKEFIELD

A series of commercial real estate deals amounting to $1.06 billion was inked in the past week, surpassing the total investment volume for the commercial sector in the first quarter of this year.

Evia Real Estate and Metro Holdings bought 7 and 9 Tampines Grande, a pair of premium Grade A office blocks from City Developments Limited (CDL) and Alpha Investment Partners for $395 million.

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A version of this article appeared in the print edition of The Sunday Times on April 28, 2019, with the headline 'Commercial real estate deals roaring back to life'. Print Edition | Subscribe