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Sunday, October 24, 2021

Qatar’s sovereign wealth fund to buy $2.5 billion Singapore tower

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Qatar’s sovereign wealth fund the Qatar Investment Authority (QIA) will buy asset manager BlackRock Inc.’s Asia Square Tower 1 in Singapore’s central business district for $2.5 billion (QR9.1 billion), Bloomberg reported.

The purchase of the 43-story tower, which has tenants including Citigroup Inc. and global investment firm KKR, is reportedly the largest office transaction in Singapore.

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