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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

Kalpana Rashiwala

Published Thu, Apr 2, 2015 · 09:50 PM

Singapore property

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 on the 388,215 sq ft total net lettable area (NLA).

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