ARA Asset Management and British property group Chelsfield have jointly acquired Manulife Centre at 51 Bras Basah Road for around S$555.5 million. That's about S$2,305 per sq ft for the 11-storey commercial building with a net lettable area of over 241,000 sq ft. The vendors are City Developments (CDL) and Alpha Asia Macro Trends Fund II (AAMTF II), which is managed by Alpha Investment...