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CapLand private fund in exclusive talks to buy ABI Plaza

The price is expected to be about S$206m for the 12-storey office block, with redevelopment potential

Kalpana Rashiwala

Published Sun, Sep 13, 2020 · 09:50 PM

Singapore property

Singapore

A PRIVATE fund managed by CapitaLand is understood to be the frontrunner for ABI Plaza, a 12-storey freehold office building in the Tanjong Pagar area.

Talk on the grapevine is that an entity linked to the private fund is in exclusive discussions to buy ABI Plaza at about S$206 million. This is significantly lower than the guide price of above S$280 million, when the property was put on the market in June.

It was marketed by JLL and Quillion Global through a…