20 Aug '16, 6am

Joining in the stream of SG CBD acquisition!! Top bidder for 110 Robinson Road: Tahir

INDONESIAN tycoon and philanthropist Tahir looks poised to buy another Singapore office block. He is the highest bidder for 110 Robinson Road, which was put up for sale through a tender exercise that closed late last month. Mr Tahir is understood to have offered close to the S$45 million indicative price for the 12-storey freehold office block. At S$45 million, the price translates to about S$3,162 per square foot based on the building's net lettable area (NLA) of 14,233 square feet. The property - which is situated between Finexis Building at 108 Robinson Road and Robinson 112 - was developed in the 1980s. OCBC is divesting the building as it does not use it for its own operations and has received unsolicited offers. The bank has yet to award the tender, though market watchers expect the award to be made to Mr Tahir. Office market watchers generally described the price of...

Full article: http://www.srx.com.sg/singapore-property-news/22632/top-b...

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