ARA

ARA Asset Management: Said to be bidding for Capital Square Office Tower
- Reportedly seeking 50% stake in the 388,215 sf building
- 16-storey prime office building in Raffles Place financial district
- Includes finance tenants such as Morgan Stanley, Citigroup
- Building was bought over by Alpha Investment Partners (Keppel Land) and NTUC Income in 2011 for $889m or $2,300 psf
- Estimates at the tower could fetch about $2,500 psf, with the 50% stake possibly seeing a $415m price tag.