Keppel Land: wholly owned Alpha Investment Partners has put up 2 office blocks in the CBD for sale through separate expression of interest (EOI) exercises, which could potentially fetch ~$500m in total. Freehold 135 Cecil St's EOI closes on 15 Sep, while Robinson Centre's EOI will close on 8 Sep.
Alpha paid $145m in 2006 for Robinson Centre, which has 132.4k sf of NLA and is currently 96.5% occupied. If Robinson Centre is sold at $2200-2300/psf, the sale would fetch $291-304m.
135 Cecil St has 83.1k sf of NLA, and could fetch $183-191m assuming sale at $2200-2300/psf. Alpha bought 135 Cecil St in 2007 for $108m.
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