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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

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Capital Square, which is spread overĀ 388,215 square feet, was built by developer Keppel Land and completed in 1998.

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

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