U.K. insurer Aviva PLC is in talks to sell two office buildings in Singapore for about S$100 million, two people familiar with the situation said Friday.
A joint venture between developers Yi Kai Group and Fission Group is trying to buy the buildings, one of which is 60% occupied by Aviva’s Singapore operations, one person said. Negotiations are ongoing.
The properties are next to each other and are located in the downtown area. One of the people said the insurer is also trying to sell two office floors in another property that it leases to third parties.
Aviva’s Asia-Pacific regional office is located in a separate downtown building.
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