Sidley Austin and Dentons Rodyk represented BlackRock on its sale of Singapore’s Asia Square Tower 1 building to sovereign wealth fund Qatar Investment Authority for S$3.4 billion ($2.45 billion), with Allen & Gledhill and Linklaters counseling the buyer. 

This is the largest single-tower real estate deal in the Asia-Pacific region, and the second largest single-tower real estate transaction globally. 

Asia Square Tower 1, completed in 2011, is a 43-story building located in the city-state's financial district. It has Citigroup as its anchor tenant and has over 1.25 million square feet of net lettable area and 40,000 square feet of retail space. BlackRock also owns a second tower in the Asia Square development.

The Sidley Austin team on the transaction was led by partner Charlie Wilson. The Dentons Rodyk team, which acted as real estate counsel to BlackRock, included partners Leong Pat Lynn and Yew Woon Chooi.

 

Related Articles

Features

ROUNDTABLE: Onwards, Upwards, Forwards

by Sarah Wong |

There has been a continued rise in prominence of the role of chief diversity officers in law firms globally as the legal industry has gradually taken stock of the need to pursue DEI goals. Apart from creating a forward-looking workplace, cultural awareness also adds value to the firm’s calibre in the eyes of clients. ALB hears from diversity leaders on how empowering inclusion can make a law firm stronger.

Deals

Sidley, CC act on $650 mln Singapore green infra deal

by Nimitt Dixit |

U.S. law firm Sidley Austin has represented infrastructure-focused private equity firm Stonepeak on its $650 million investment in Singapore-based green infrastructure investment firm AGP Sustainable Real Assets, which was advised by Clifford Chance.

Appointments

Reed Smith adds Sidley practice co-head to lead Singapore funds growth

by Nimitt Dixit |

Global law firm Reed Smith has added the co-leader of Sidley Austin’s Asia funds group, Han Ming Ho, in Singapore to launch and lead its own regional funds practice.