Springleaf Tower is a 37 storey, grade A office building completed in 2002. The property is in an excellent location in Shenton Way and has direct underground access to Tanjong Pagar MRT station. The 12 floors acquired by the Fund have a total strata area of 11,649 sqm and net leaseable area of 9,806 sqm.

The investment strategy was based on an opportunistic acquisition of 12 strata floors, in a under rented grade A office property, in a market with limited supply and strong demand. Leasing terms were renegotiated at current market rates which were on the increase at time of acquisition.