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.

 

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