Keppel REIT sells Singapore CBD asset Bugis Junction Towers for $396m

Bugis Junction. Photo: CapitaLand

Singapore-listed commercial office landlord Keppel REIT has completed the sale of the 15-storey Bugis Junction Towers to Village Prop. Pte Ltd (Village Prop.), a locally-incorporated company, for S$547.50 million ($395.79 million), per its filing.

According to a report in Business Times, Village Prop comprises a consortium of buyers including a fund managed by Angelo Gordon, a US-headquartered global alternative investment manager, and a Singapore-based property investment manager TCRE Partners who is expected to take up a minority stake in the acquisition.

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