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CCT sells half-stake in Raffles Place office block for S$591.6m

Divestment in One George Street will yield a net gain of S$79.7m; analysts sanguine about move


CAPITALAND Commercial Trust (CCT) is selling a 50 per cent stake in One George Street to FWD Group, an insurance company backed by Hong Kong billionaire Richard Li, for S$591.6 million.

The divestment of interest in the 23-storey office building in Raffles Place will...

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