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Oxley accepts expression of interest for $1.03 bil sale of Chevron House

Stanislaus Jude Chan
Stanislaus Jude Chan3/14/2019 5:40 PM GMT+08  • 2 min read
Oxley accepts expression of interest for $1.03 bil sale of Chevron House
SINGAPORE (Mar 14): Mainboard-listed property group Oxley Holdings could be selling Chevron House in Singapore’s central business district for $1.025 billion – just 15 months after acquiring the property for $660 million in December 2017.
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SINGAPORE (Mar 14): Mainboard-listed property group Oxley Holdings could be selling Chevron House in Singapore’s central business district for $1.025 billion – just 15 months after acquiring the property for $660 million in December 2017.

In a filing to SGX on Thursday, Oxley says its wholly-owned subsidiary, Oxley Beryl, has accepted an expression of interest from a US-based real estate fund to acquire the company.

Oxley Beryl owns Chevron House, the 32-storey commercial building located at 30 Raffles Place.

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