You are here

SUBSCRIBERS

OUE C-Reit to buy majority stake in One Raffles Place for S$1b

Through an indirect acquisition, its resulting effective stake will be 61.16-67.95%

onerafflesplace110615.jpg
OUE Commercial Reit (OUE C-Reit) is acquiring a majority stake in mixed-use development One Raffles Place from its sponsor OUE Limited for S$1-1.1 billion at an estimated S$2,382 per square foot (psf) of net lettable area.

Singapore

OUE Commercial Reit (OUE C-Reit) is acquiring a majority stake in mixed-use development One Raffles Place from its sponsor OUE Limited for S$1-1.1 billion at an estimated S$2,382 per square foot (psf) of net lettable area.

On completion of the transaction, the Reit's...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes