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Hongkong Land to Acquire Wheelock Place From Wharf for $900 Million as Singapore Fund AUM Hits $7.3 Billion

7/31/2026

$900 million is the agreed purchase price for Wheelock Place, the Singapore property Hongkong Land is buying from Wharf.

The deal is the inaugural acquisition by Hongkong Land's Singapore Central Private Real Estate Fund, and it carries the fund's assets under management to $7.3 billion.

That implies the fund held $6.4 billion in AUM before the Wheelock Place commitment. Asset: Wheelock Place, Singapore. Price: $900 million (reported).

No cap rate, gross floor area, financing split, or closing date was included in the source announcement. At the stated post-deal AUM, the $900 million acquisition equals roughly 12% of the fund's total managed assets.