China Life Insurance, Haitong Securities doing due diligence on One George Street
Its price is expected to exceed S$2,500 psf, or over S$560m assuming a half-stake is offered
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Singapore
ONE George Street, owned by CapitaLand Commercial Trust (CCT), is back in play, and The Business Times understands that two parties are carrying out due diligence on the property - China Life Insurance and Haitong Securities.
Sources told BT that CCT was prepared to consider selling only half its stake in the asset; this would enable its parent, CapitaLand, to continue to collect a fee from managing the asset.
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