Gaw, Allianz RE said to buy SG's DUO property for $1.14b

Gaw, Allianz RE said to buy SG's DUO property for $1.14b

Commercial buildings in the central business district are illuminated at dusk in Singapore. Photographer: Brent Lewin/Bloomberg

Hong Kong-based private equity real estate investor Gaw Capital is leading a consortium to buy Singapore’s DUO asset in Bugis, which includes office and retail space at a price of around SGD 1.58 billion ($1.14 billion), per a report by Business Times.