01 Feb 2016
Successful tender for, and completion of the sale and purchase of, 79 Robinson Road, CPF Building.
Mei Ann Lim and Ezzah Ong acted for Southernwood Property Pte Ltd, a subsidiary of Ascendas Land (Singapore) Pte Ltd in the successful tender for, and completion of the sale and purchase of, 79 Robinson Road, CPF Building, at a purchase price of SGD550 million. It was awarded the tender on 26 November 2015.
This deal marks the first commercial building in Singapore purchased by Ascendas Land (Singapore) Pte Ltd.
Located at the junction of Robinson Road and Maxwell Road, the site has an area of approximately 47,056 square feet, with the current building having a net lettable area of about 324,000 square feet. CPF Building has housed the CPF Board since its completion in 1976, and remains a landmark in Singapore’s Central Business District bearing historic significance.