Property investment firm SV Robinson has bought 71 Robinson Road for S$655 million.
The firm which is a part of Sun Venture Group of Companies bought this property from Commerz Real.
In a statement Commerz Real said that hausInvest, the open-ended real estate fund managed the deal.
The seller was also advised by JLL and CBRE in the deal and sought legal consultancy and tax consultancy from Dentons and EY respectively.
There had been news about this deal for quite some time and Sun Venture Group was granted the right to conduct exclusive due diligence with respect to the acquisition of this 15-storey office building.
There have been recent reports that office block is currently enjoying full occupancy with the average monthly rent running a shade below the S$10 psf range.
Among the tenants in the building are Visa, WeWork, Ogilvy and CommerzBank. WeWork, the co-working space company had leased three floors at this building in 2017.