The deal could be signed off as soon as this week, according to sources. A sale at the price represents a yield of just below 4%.
A report by the Financial Times reveals that Ho Bee Land will be buying London’s famed The Scalpel office tower for £820 million ($1.5 billion).
According to the report dated Feb 22 (US time), The Scalpel’s owner, US insurance group, WR Berkley, is in talks with the SGX-listed Ho Bee Land.
