| Negotiations are off "for now" between BlackRock and a consortium that includes CapitaLand and Norges Bank Investment Management (NBIM) on the sale of Asia Square Tower 1 in what could be the biggest office transaction in Singapore. NBIM manages Norway's sovereign wealth fund, while BlackRock is the world's largest asset manager.
Word in the market is that BlackRock has been talking to another party that was shortlisted following the close of an expression of interest exercise for the sale of the tower in August. The potential buyer is believed to be a consortium being stitched together by ARA Asset Management that includes South Korean SWF Korea Investment Corporation (KIC) and the California Public Employees' Retirement System (Calpers)...............................................Full Article: Source
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