CapitaLand Commercial Trust sells Wilkie Edge for S$280m
CAPITALAND Commercial Trust (CCT) said on Monday it would sell Wilkie Edge to Lian Beng (8) Pte Ltd for S$280 million.
Wilkie Edge is a 12-storey integrated development comprising office and retail units as well as a serviced residence, Citadines Mount Sophia. As at March 31, 2017, Wilkie Edge had a committed occupancy rate of 99.9 per cent and contributed 3 per cent to CCT's first-quarter 2017 net property income.
The sale price is 39.3 per cent above the valuation of Wilkie Edge as at Dec 31, 2016. The sale is expected to be completed in September 2017.
Share with us your feedback on BT's products and services
TRENDING NOW
One-third of Singapore-listed firms at risk in severe AI downturn: MAS
‘Not done’: Keppel CEO Loh Chin Hua transformed the group, but says there’s ‘still a lot to do’
He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons
‘We don’t want to stay as we are’: CEO Patrick Ng builds a more resilient Huationg
