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CDL pays S$77.7m for 12.4% of IREIT Global and 50% of trust manager

Singapore

CITY Developments Limited (CDL) has paid S$77.7 million to acquire a 12.4 per cent stake in IREIT Global and half of the European property trust's manager.

CDL, a Singapore-listed property developer, bought the 50 per cent stake in trust manager IREIT Global Group (IGG)...

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