Germany’s SEB Group has bought 12 strata-title floors of the office building Anson 79.
It is paying S$215 million to Farrell Asset Management for some 10,300 square metres of Grade A office space.
SEB already owns another nearby Grade A office building Springleaf Tower.
Anson 79 is a 23-storey building in Shenton Way and is within walking distance of Tanjong Pagar MRT station.
It has an occupancy of around 98 percent with Kellogg Brown & Root and Mitsubishi Chemicals among its tenants.
SEB Asset Management is the specialist real estate and securities investment house of the SEB Group in Germany. – CNA /ls
Source : Channel NewsAsia – 24 Jan 2008