PGIM Real Estate acquires 12-story office building in Singapore for US$107M

PGIM Real Estate has completed the acquisition of 108 Robinson Road, a 12-story freehold office building located in the heart of the Central Business District (CBD) in Singapore for US$107 million. PGIM Real Estate is the real estate investment and financing business of PGIM, the US$1.5 trillion global investment management business of Prudential Financial, Inc. (NYSE: PRU).

Within walking distance to the Tanjong Pagar, Telok Ayer and the upcoming Shenton Way Mass Rapid Transit (MRT) stations, the property provides convenient access to and from many key residential and commercial hubs across Singapore. A rare freehold office asset in the Singapore CBD, 108 Robinson Road is an opportunistic acquisition that offers numerous asset enhancement and exit strategies.

Read the full press release now at the link below