SINGAPORE-Overseas Union Enterprise has purchased DBS Towers One and Two at Shenton Way, Singapore, from Goldman Sachs for a price of S$870.5 million (US$643.4 million).
The price works out to S$700 per square foot as the office blocks together span a gross floor area of 1.24 million square feet. DBS, which is the present tenant in the buildings, will shift to the Marina Bay Financial Center to be opened shortly. For the full story, go to Reuters.
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