Asia Square Tower 1 sold to QIA

Doha: Asia Square Tower 1 has been sold by a BlackRock-advised fund to the Qatar Investment Authority (QIA) at approximately S$3.4 billion (US$2.45bn), it was announced yesterday in a statement.

CBRE and JLL are joint sole advisors for this transaction for a BlackRock-advised
fund.

Rob Blain, Executive Chairman, CBRE Asia Pacific: “The sale of Asia Square Tower 1 to the Qatar Investment Authority underlines the strong demand for prime core assets around the world, and the ongoing appeal of real estate as a prized asset
class.”

Jeremy Lake, Executive Director, Investment Properties, CBRE Singapore: “We courted some of the world’s largest funds and leading investors for this exercise and without exception, all of them were in agreement that Asia Square is a premium office asset.”