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CCT to buy partners' stake in CapitaGreen
Analysts question the timing, given falling office prices, but manager says it's constrained by terms of the call option
Add BT as a preferred sourcePublished Mon, May 23, 2016 · 09:50 PM
Singapore
CAPITALAND Commercial Trust (CCT) has proposed to exercise its call option to buy over the remaining 60 per cent of the Grade-A office building CapitaGreen that it does not already own, for about S$393 million in total acquisition outlay.
This translates to a valuation for the entire building of about S$1.6 billion, or S$2,276 per square foot.
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