The Business Times

Companies & Markets

The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

SUBSCRIBERS

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

Published Mon, May 23, 2016 · 09:50 PM
Share this article.

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.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Companies & Markets

newspaper iconPurchase this articleshopping cart icon

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here