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Sale of 50% stake in Finexis Building - S$55 million Corporate | Corporate Commercial | Corporate Finance | Real Estate | Collective Sales | Corporate Real Estate & REITS

Rodyk is acting for Asia Real Estate Opportunities Limited in the sale of its 50% stake in Finexis Building (by way of share purchase) for S$55 million. Finexis Building (formerly known as GMG Building) is a 12-storey freehold commercial building located along Robinson Road. The transaction was based on the property's latest valuation of S$110 million in July 2011 or S$2,043 per square foot on its total strata area of 53,830 square feet. The transaction was led by corporate partner Evelyn Ang and real estate partner Norman Ho, assisted by partners Pun Ling Fung and Lee Chau Hwei.