http://www.straitstimes.com/Money/St...ry_815434.html

Six floors in AA Centre for sale

Published on Jun 27, 2012

By Yunita Ong


THE office space used by the Automobile Association of Singapore (AA Singapore) is up for sale.

Colliers International is selling the first six levels, or 55,774 sq ft, of the 14-storey AA Centre on River Valley Road at an indicative price of $90 million to $100 million.

The first four levels are owned by AA Singapore. There is a reception area, a multi-purpose hall and a cafeteria on the first level, and offices and clubhouse space, including a jackpot room and swimming pool, on levels two to four.

On levels five and six are 32 serviced apartments, all vacant. It is unclear if AA Singapore owns these apartments.

The residential units on the remaining eight storeys are owned by individuals. There are 90 parking spaces in the basement level for common use.

The building, which is on a freehold site, was developed by AA Singapore in 1984. Nearby transport links include the Central Expressway, the Ayer Rajah Expressway and Somerset MRT station.

Ms Tang Wei Leng, executive director of investment services at Colliers International, said the property could appeal to a variety of users, such as serviced apartment operators, corporate office users or groups dealing in education or medical tourism.

It is not known where AA Singapore is moving its operations to.

Offers close on Aug 7.

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