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%
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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 effective stake in One Raffles Place is expected to be between 61.16 and 67.95 per cent, OUE C-Reit said on Wednesday.
Copyright SPH Media. All rights reserved.
TRENDING NOW
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Beijing’s calculated silence on the Iran war
DPM Gan warns of 3 structural shifts to the global system that will bring greater challenges – and opportunities
