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Mark McCombe, BlackRock's Global Head of Institutional Client Business and Head of BlackRock Alternative Investors, said, "We value our strong partnership with Qatar Investment Authority, and are delighted to have the opportunity to work closely with them on this landmark real estate transaction. Singapore remains well-positioned as a gateway city offering premium commercial real estate opportunities to long-term international investors." John Saunders, Head of APAC for BlackRock Real Estate, commented, We are proud to have developed Asia Square from the ground up after the land acquisition in Marina Bay, and leased the property to an excellent tenant base. This premier office project is testament to BlackRocks strong capability in real estate development and management to meet the needs of tenants and investors seeking core assets. We are very pleased with the sale, and look forward to working closely with Qatar Investment Authority to maintain the pre-eminent status of Asia Square. JLL and CBRE are joint sole advisors for this transaction for BlackRock. * Data as compiled by JLL since 2004 About Qatar Investment Authority Qatar Investment Authority was founded by the State of Qatar in 2005 to strengthen the country's economy by diversifying into new asset classes. Building http://leedanaweissboston8syl.wallarticles.com on the heritage of Qatar investments dating back more than three decades, its growing portfolio of long-term investments help complement the state's huge wealth in natural resources.
For the original version including any supplementary images or video, visit Qatar Investment Authority to Acquire Landmark Asia Square Tower in the Heart of Singapore’s New CBD from BlackRock - Yahoo Finance