Singapore Pools is understood to have purchased IOI Plaza, a landmark 12-storey granite office block at the corner of Middle Road and Prinsep Street, for $139 million. The seller is a unit of Malaysia's IOI Properties Bhd. This works out to about $1,381 per square foot (psf) based on a net lettable area (NLA) of about 100,640 sq ft. The site has about 85 years' remaining lease. Singapore Pools, whose...
