Prudential Tower

Rivulets is managing a fund that owns a significant bloc of strata offices at Prudential Tower, a Grade A office building in Raffles Place, the financial hub of Singapore.  Based on capital value alone, the assets are now worth about 30% more, representing an equity return of around double that figure.  By contrast, a hypothetical investment in a Singapore REIT index fund (iEdge S-REIT index) over the same time horizon would have been underwater.