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OUE C-Reit to buy majority stake in One Raffles Place for S$1b

Through an indirect acquisition, its resulting effective stake will be 61.16-67.95%

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OUE Commercial Reit (OUE C-Reit) is acquiring a majority stake in mixed-use development One Raffles Place from its sponsor OUE Limited for S$1-1.1 billion at an estimated S$2,382 per square foot (psf) of net lettable area.

Singapore

OUE Commercial Reit (OUE C-Reit) is acquiring a majority stake in mixed-use development One Raffles Place from its sponsor OUE Limited for S$1-1.1 billion at an estimated S$2,382 per square foot (psf) of net lettable area.

On completion of the transaction, the Reit's

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