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ARA bidding for 50% stake in Capital Square: sources

If successful, it will add to recent spate of deals in the CBD as falling rents, large supply push valuations lower

Published Wed, Jun 22, 2016 · 09:50 PM
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Singapore

ARA Asset Management Ltd is bidding for a stake in Capital Square in Singapore's central business district, according to people familiar with the matter.

Singapore-listed ARA is seeking the 50 per cent stake in the building that was put up for sale last year by Alpha I…

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