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SINGAPORE (Sept 2): International property investment manager SEB Investment GmbH (now known as Savills Investment Management) has put up its office asset, 77 Robinson Road, Singapore, for sale, said DTZ Debenham Tie Leung (SEA) Pte Ltd in a press statement.
DTZ Debenham Tie Leung is the appointed sole marketing agent for the property.
The 35-storey office tower located in the heart of Singapore's central business district commands a prominent 90m frontage along Robinson Road.
77 Robinson Road has a total net lettable area of approximately 293,818 sq ft, including 6,018 sq ft of retail space on prime street level and 180 car park lots offering a generous car park ratio of one lot for every 1,632 sq ft of lettable area. The location is highly accessible, with four mass rapid transit stations within 500m radius of the property.
The property is well let to businesses from diverse industries, and its tenants include Adidas Singapore, Bunge Agribusiness, Dentsu Asia, DVB Bank, Tokio Marine Life Insurance and Walt Disney Studios Sony Pictures Releasing.
“77 Robinson Road presents an excellent opportunity for value creation through asset enhancement programmes such as the refurbishment of office lobbies and other common areas, and expansion of the retail area,” it said.
Ongoing and proposed enhancement work along Robinson Road/Shenton Way precinct include works at OUE Downtown and AXA tower, while the development of Tanjong Pagar Centre and Frasers Tower is expected to inject even more vitality.
DTZ is inviting submissions of expressions of interest by Thursday, Oct 15.
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