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12

Norway Fund Said Chosen as Preferred Bidder for Singapore Tower

By Tony Seruga

A consortium of Norway’s sovereign wealth fund and Singapore developer CapitaLand Ltd. was chosen as the preferred bidder for a Singapore office tower being sold byBlackRock Inc., people with knowledge of the matter said.

The bidding group will start exclusive talks with BlackRock about a purchase of Asia Square Tower 1, and could reach an agreement in the next month, according to the people. It beat ARA Asset Management Ltd., which also submitted a final bid for the building, they said, asking not to be identified as the information is private…

Norway Fund Said Chosen as Preferred Bidder for Singapore Tower

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