BDO advises Allianz on the acquisition of a 20% stake in the Ocean Financial Centre Singapore for €3

Keppel REIT currently owns 99.9% of Ocean Financial Centre which offers a total net lettable area of 80,000 square metres comprising a Grade A office tower with an additional retail component on the ground floor and basement level. The property was built in 2011 by Keppel Land and designed by Pelli Clarke Pelli Architects. For its efforts in sustainability, Ocean Financial Centre was recognised more than once.

With AUM of EUR 60 billion (2018), Allianz Real Estate, the captive investment and asset manager for real estate within Allianz Group, is positioned as the world’s third largest investor in real estate. The transaction was conducted on behalf of several Allianz companies.

A BDO team headed by Karsten Paetzmann and Bernd Hoffmann advised Allianz Real Estate on all financial aspects of the transaction.