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GSH Corporation-led group buys Equity Plaza for $550m

The sellers are Keppel Land and its fund management arm

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Equity Plaza: This prime office building in Raffles Place is sold at $2,181 per square foot of net lettable area. It is on a site with a balance lease term of about 74 years

KEPPEL Land and its fund management arm Alpha Investment Partners have entered into an agreement to sell Equity Plaza in Raffles Place for $550 million, or $2,181 per square foot of net lettable area, to a consortium company 51 per cent owned by Sam Goi-controlled GSH Corporation.

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