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Alpha's Capital Square stake may fetch S$543.5m

CBRE and JLL appointed joint marketing agents for the 50% stake and will conduct an expressions of interest exercise for the property
Friday, April 3, 2015 - 05:50
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STRONG OFFICE MARKET: The office tower has a typical floor plate of about 30,000 sqft, one of the largest column-free office floor plates in Raffles Place

Singapore

KEPPEL Land unit Alpha Investment Partners' 50 per cent stake in Capital Square along Church Street in the CBD is expected to fetch around S$543.5 million.

This reflects a price of S$1.09 billion for the entire asset - translating to around S$2,800 per square foot based