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OUE sells Los Angeles tower at below market value as pandemic hits tenants

Sale price is about two-thirds of the property's US$650 million fair value as at Dec 31, 2019

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US Bank Tower is a Class A office property located in downtown Los Angeles at the foot of Bunker Hill.

Singapore

PROPERTY developer OUE Ltd on Friday announced that it will sell US Bank Tower - known for its cameos in Hollywood movies and a sky-high outdoor glass slide - for US$430 million.

The sale price is about two-thirds of the property's US$650 million fair value as at Dec 31,...

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