Duo office and retail complex is acquired by Allianz Real Estate and Gaw Capital for US$1.17 billion, making it the largest private sector office sale in nearly two years. Photo: SCMP Handout
Allianz and Gaw Capital buy iconic office, shopping complex in Singapore for US$1.2 billion amid ‘flurry’ of investment in city state
- Allianz Real Estate and the Hong Kong-based private equity fund acquire Duo Tower and Duo Galleria, distinctive features of Singapore’s skyline
- The acquisition is the latest in a string of high-profile investments in Singapore property recently
Topic |
International Property
Duo office and retail complex is acquired by Allianz Real Estate and Gaw Capital for US$1.17 billion, making it the largest private sector office sale in nearly two years. Photo: SCMP Handout