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EOI for half stake in CCT's One George St closed in December

Guide price of S$2,400 psf to S$2,600 psf given to bidders: sources

Kalpana Rashiwala

Published Wed, Jan 13, 2016 · 09:50 PM

Singapore

AN EXPRESSION of interest (EOI) exercise ended early last month for the sale of a half stake in CapitaLand Commercial Trust's One George Street office tower in the CBD, say sources.

It is understood that CCT and the incoming investor will each hold 50 per cent of shares in a new special purpose vehicle that will be set up to own the 23-storey tower. The building is on a site with a balance lease term of 86 years.