PHOTO: ST[SINGAPORE] Hongkong Land’s Singapore Central Private Real Estate Fund (SCPREF) is buying Wheelock Place from Wharf Real Estate Investment Company for S$1.1 billion, in the fund’s first acquisition since its inception earlier this year. Hongkong Land said on Thursday (Jul 30) that the acquisition “aligns with the group’s strategy of growing recurring earnings and expanding its fund management platform”. The sale of Wheelock Place comes as Hong Kong’s Wharf Group is seeking to sell another Singapore asset. Hongkong Land previously injected its one-third interests in Marina Bay Financial Centre (MBFC) Towers 1 and 2, Marina Bay Link Mall as well as One Raffles Quay into the fund. Shares of Hongkong Land ended Thursday 0.6 per cent or US$0.05 higher at US$8.34, before the news.