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CCT to buy partners' stake in CapitaGreen

Analysts question the timing, given falling office prices, but manager says it's constrained by terms of the call option
Tuesday, May 24, 2016 - 05:50
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CCT's manager said it did not want to risk broader market uncertainties by delaying the acquisition. And waiting until the building yields higher may further raise the valuation of the property and the acquisition cost.

Singapore

CAPITALAND Commercial Trust (CCT) has proposed to exercise its call option to buy over the remaining 60 per cent of the Grade-A office building CapitaGreen that it does not already own, for about S$393 million in total acquisition outlay.

This translates to a valuation

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