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A BUILDING which could become Orchard Road's most expensive office property has been put up for sale for at least $1 billion.
The Atrium@Orchard, above the Dhoby Ghaut MRT station, is being sold by the Singapore Land Authority.
If it attracts an expected price of at least $2,700 per sq ft (psf) of net lettable area, it will be the most expensive office property in Orchard Road, said CB Richard Ellis (CBRE), which is handling the sale.
Boasting two office towers of seven and 10 storeys, and ground floor retail space, the property has a net floor area of 34,620 sq m.
It will be sold with a fresh 99-year lease.
Anchor tenants at the Grade A office building include Temasek Holdings, Barclays Capital and MTV Asia.
Read the full story in today's edition of The Straits Times.
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