Prudential Financial's PGIM Struggles to Sell Singapore Towers [BNN Bloomberg (Canada)]
Prudential Financial, Inc. (PRU)
Last prudential financial, inc. earnings: 2/4 04:18 pm
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Source: BNN Bloomberg
knowledge of the matter said, the latest sign of the country's softening property market. Efforts to divest 78 Shenton Way in the central business district have stalled as prospective buyers bid below what the real estate manager bought it for, the people said, asking not to be identified discussing private information. PGIM Real Estate acquired the 362,051 square foot (33,636 square meter) development in late 2018 for S$680 million ($498 million) from a private fund management arm of Keppel Ltd., according to press reports at the time. A spokesperson for PGIM declined to comment. Singapore office demand has stayed relatively resilient in recent years — avoiding the deep slump in markets such as the US — but some tenants are now paring space in the CBD to save costs. Office rents in the city state are expected to fall this year as occupancy slips from high levels, according to Bloomberg Intelligence. Read more: BNP Paribas to Cut Space in Singapore Tower Amid High Rents Co
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PRU
Earnings
- 2/6/24 - Miss
PRU
Sec Filings
- 4/16/24 - Form 8-K
- 3/28/24 - Form ARS
- 3/28/24 - Form DEF
- PRU's page on the SEC website