CICT and Coref to acquire Grade-A office building on Robinson Road for S$1.3 billion
Purchase will be done by acquiring 70% and 30% respectively of the shares of holding company Southernwood Property
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Singapore
CAPITALAND Integrated Commercial Trust (CICT) and CapitaLand Open End Real Estate Fund (Coref) have entered into an agreement to acquire a Grade-A office building at 79 Robinson Road for S$1.3 billion.
The purchase will be done by acquiring 70 per cent and 30 per cent respectively of the shares of the property holding company Southernwood Property Ptd Ltd, CICT and Coref said in a bourse filing on Friday (Mar 25).
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