Germany's SEB Group Buys 12 Floors Of Anson 79 For S$215m

Source : Channel NewsAsia, 24 January 2008

Germany's SEB Group has bought 12 strata-title floors of the office building Anson 79.

It is paying S$215 million to Farrell Asset Management for some 10,300 square metres of Grade A office space.

SEB already owns another nearby Grade A office building Springleaf Tower.

Anson 79 is a 23-storey building in Shenton Way and is within walking distance of Tanjong Pagar MRT station.

It has an occupancy of around 98 percent with Kellogg Brown & Root and Mitsubishi Chemicals among its tenants.

SEB Asset Management is the specialist real estate and securities investment house of the SEB Group in Germany. - CNA /ls