FROM the window of a suite in Keppel Pacific Oak US Reit’s : CMOU 0% (Kore) One Twenty Five office asset in Dallas, a familiar brand name can be seen emblazoned on a building a block away: Caterpillar.

The construction equipment manufacturer in June last year announced the move of its global headquarters from Deerfield in Illinois, to Dallas-Fort Worth in Texas.

In a statement, Caterpillar chairman and chief executive Jim Umpleby described the move as being “in the best strategic interest” of the company as it seeks “profitable growth”.