Keppel Reit inks deal to sell Bugis Junction Towers
Trust agrees to divest its strata ownership of the building to Village Prop for S$547.5m; that's S$388m more than the S$159.5m it paid for the property in 2006
Add BT as a preferred sourceNg Ren Jye
Singapore
KEPPEL Reit is reaping a tidy profit from its investment in Bugis Junction Towers.
The Reit (real estate investment trust) has agreed to sell its strata ownership of Bugis Junction Towers to Village Prop for S$547.5 million. That's S$388 million more than the S$159.5 million it paid in 2006.
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