Khazanah earlier this year unveiled a plan to deliver more cash to the government by pruning its stakes in non-strategic assets and dialling back its offshore presence, while Temasek posted the smallest portfolio rise in three years for 2018 as divestment value exceeded investments.
The sale announced in a statement on Monday includes DUO Tower, an office block with 20 floors worth of prime Grade-A office space, and DUO Galleria, with 56,000 sf of retail space located right outside the city-state's financial district.
M+S still owns Andaz Singapore, a five-star hotel operated by Hyatt occupying the top 15 floors of DUO Tower as well as the 660 premium residential units.
M+S also owns Singapore's Marina One, a development comprising 1.88 million sq ft of office space with tenants including Facebook, 140,000 sf in retail space and luxury apartments.
Owned 60:40 by Khazanah and Temasek respectively, M+S was set up in June 2011 to develop the two projects in Singapore.
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