Perennial Real Estate Holdings mulls acquisition of AXA Tower

It will hold a 30% stake in the property.

Perennial Real Estate Holdings is exploring the syndication of a consortium of investors to acquire AXA Tower, taking on the role of an asset manager and potentially investing up to a 30.0% stake in theproperty.

In a release to the SGX, the company said that Singapore is one of its key markets and it is in the ordinary course of business to explore and evaluate potential investment opportunities that may arise.

No definitive agreement has been entered into and no firm decision has been made on whether or not to proceed with the deal.  

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