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S'pore CCT to buy CapitaLand office bldg for S$1.2b |
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the straits times 27 march , 2008
SINGAPORE - SOUTHEAST Asia's largest developer CapitaLand said on Thursday that it has granted CapitaCommercial Trust (CCT) an option to buy the 1 George Street office building for $1.165 billion.
CapitaLand, which owns a 30-per cent stake in CCT, a Singapore-listed office property trust, said in a statement that it expects to recognise a $47.1 million gain from the sale.
For more information: http://www.straitstimes.com/Latest+News/Money/STIStory_220952.html
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