You are here

CapitaLand sells 70% stake in Westgate to CMT for S$789.6m

Mall sold at 4.3% property yield, which manager says is undemanding and relatively fair

BT_20180828_LMXWEST28_3544408.jpg
Capitaland's Westgate - the retail component of an integrated retail and office development in Jurong - has a committed occupancy of 98 per cent as at end-July 2018.

Singapore

AS PART of its capital recycling exercise, property developer CapitaLand on Monday said that it has agreed to sell to CapitaLand Mall Trust (CMT) its 70 per cent stake in Westgate - the retail component of an integrated retail and office development in Jurong - for S$789.6...

sentifi.com

Market voices on: