Business Times reported in December that The Blackstone Group L.P. (NYSE:BX) had completed the purchase of 18 units at Paterson Suites for S$83 million or close to S$2,100 per square feet based on the units' total strata area of 39,538 square feet. The 18 units, all four-bedroom apartments, were sold by a fund in the Real Estate Capital Partners L.P. (Unspecified Vehicle) series managed by SC Capital Partners Pte Ltd. Savills brokered the deal.
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