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CCT to buy majority stake in Frankfurt property for 343m euros

At least S$212m will be raised through equity placement for the trust's maiden property acquisition outside Asia

CCT will hold a 94.9 per cent stake in Gallileo, which has an agreed property value of 356 million euros - a 1.4 per cent discount to the open market value of 360.9 million euros.


AFTER announcing its maiden property acquisition outside Asia - a Grade A office property in Frankfurt's CBD - CapitaLand Commercial Trust (CCT) said it would continue to be predominantly Singapore-focused.

The trust will look to allocate

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