Half of units launched in Woods Square sold

Far East Organization has sold half of the 124 released strata office units in Woods Square, an integrated development it is jointly developing with Sekisui House and Far East Orchard. Prices ranged from S$1,700 to S$2,230 per square foot (psf). Located near Woodlands MRT with connectivity to Woodlands Civic Centre and Causeway Point, the 99-year leasehold project features two office towers and two “Small Office Loft Office” (SOLO) blocks with retail, F&B and a childcare centre.

(Source: Business Times)

AXA office tower space up for sale

Two strata office floors located at AXA Tower at 8 Shenton Way is up for sale from S$2,550 per square foot. The office space belongs to Perennial Real Estate Holdings. There is a total strata area of about 25,500 square feet and the office units have unobstructed sea views and come in a regular and column-free layout.

(Source: Business Times)

FM Global breaks ground on loss prevention facility

Commercial and industrial property insurers FM Global broke ground on a new S$80 million loss prevention training and operations facility in the Singapore Science Park on Monday. This marks the start of the construction phase of FM Global’s new six-storey building. It will be constructed by Ascendas-Singbridge and is expected to be operational in early 2019.

(Source: Business Times)

LaSalle Investment Management launched LaSalle Asia Opportunity V

Global real estate investment manager LaSalle Investment Management has launched LaSalle Asia Opportunity V, a closed-end, pan-Asia opportunistic fund. The total fund size is expected to be US$750 million, with a cap of US$1 billion. LaSalle Asia Opportunity V will provide investors with the opportunity to participate in a diversified portfolio with an investment strategy which focuses on income-producing assets and developing core assets across Asia.

(Source: Business Times)

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