THE property unit of German asset manager Union Investment is putting on the market VisionCrest Commercial along Penang Road.

The guide price for the 11-storey predominantly office freehold building is in excess of S$470 million, reflecting S$3,157 per square foot (psf) on the net lettable area of 148,854 sq ft.

On the strata area of 154,711 sq ft, S$470 million works out to S$3,038 psf. The strata area comprises 149,652 sq ft of offices and 5,059 sq ft of retail space. The office space is on levels 2 to 11 (with one strata title per floor). The retail space, on level 1, comprises 11 strata units.