Keppland, the developer of Equity Plaza has sold it to GSH Corporation with the price of S$550 million, which means S$2,181 per square foot (psf) based on the building’s current net lettable area of about 252,135 square feet.
“The subsequent investment to upgrade the facade and overall quality of the building will position the group to realise substantial value from the acquisition in the near future,” GSH CEO Gilbert Ee said.
"The sale of Equity Plaza reflects continued interest in Singapore’s office market.", noticed by Mr Jeremy Lake, CBRE’s executive director. So, GSH Plaza - New exciting Grade A Office is expected the guaranteed rental investment.
