Commerz Real is entering Singapore with the acquisition of the 78 Shenton Way estate for a total EUR 324 mln. The property, with a gross floor area of about 33,000 m2, consists of a 34-storey office building, called the North Tower, and the South Tower, a seven-storey project development. The two are connected by a shared lobby area.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
