Skip to main content

Sidley Austin and Dentons Rodyk represented BlackRock on its sale of Singapore’s Asia Square Tower 1 building to sovereign wealth fund Qatar Investment Authority for S$3.4 billion ($2.45 billion), with Allen & Gledhill and Linklaters counseling the buyer. 

This is the largest single-tower real estate deal in the Asia-Pacific region, and the second largest single-tower real estate transaction globally. 

Asia Square Tower 1, completed in 2011, is a 43-story building located in the city-state's financial district. It has Citigroup as its anchor tenant and has over 1.25 million square feet of net lettable area and 40,000 square feet of retail space. BlackRock also owns a second tower in the Asia Square development.

The Sidley Austin team on the transaction was led by partner Charlie Wilson. The Dentons Rodyk team, which acted as real estate counsel to BlackRock, included partners Leong Pat Lynn and Yew Woon Chooi.

 

Related Articles

Deals

N&A, S&C, TMI advise as Japan's Nidec makes $1.6 bln bid for Makino Milling

by Asian Legal Business《亚洲法律杂志》 |

TMI Associates, Freshfields and Davis Polk & Wardwell have represented Japanese manufacturing giant Nidec on its 257-billion-yen ($1.6 billion) bid for Makino Milling Machine, which turned to Nishimura & Asahi and Sullivan & Cromwell for advice.

Deals

N&A, MHM, Skadden, STB guide JX Advanced Metal’s $3 bln Japan IPO

by Nimitt Dixit |

Nishimura & Asahi and Skadden Arps Slate Meagher & Flom are advising JX Advanced Metals on its upcoming 460-billion-yen ($3 billion) initial public offering, the largest listing in Japan since SoftBank Corp’s $23.5 billion IPO in 2018.

Deals

Trilegal, Touchstone, CAM act on Carlyle’s $400 mln entry into India auto-components space

by Nimitt Dixit |

Trilegal has advised global private equity firm Carlyle on its acquisition of majority stakes in Highway Industries (HIL) and Roop Automotives for $400 million, marking its entry into India's auto components sector through a new manufacturing platform.