TE Capital Partners, LaSalle Investment Management jointly acquire PIL Building for $323.8 mil

TE Capital Partners, LaSalle Investment Management jointly acquire PIL Building for $323.8 mil was reported by EdgeProp Singapore on 15 February 2022.

TE Capital Partners and LaSalle Investment Management have jointly acquired PIL Building, located at 140 Cecil Street.

Why this matters for Singapore commercial property

The listing or transaction provides a current pricing reference and a useful signal of investor demand for Singapore commercial assets. The story is relevant to businesses, landlords and investors comparing current market evidence before making leasing or acquisition decisions.

Key takeaways

• Market: Singapore commercial property investment

• Location: Singapore

• Reported benchmark: $323.8 mil

• News date: 15 February 2022

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Source: EdgeProp Singapore, 15 February 2022