reporter2
15-11-21, 09:42
CICT to divest One George Street, to book net proceeds of $344.8 mil
EdgeProp Singapore
November 13, 2021
https://i.imgur.com/6k0MWAq.jpg
CapitaLand Integrated Commercial Trust is divesting One George Street and will book net proceeds of $344.8 million for its 50% stake.
The 23-storey Grade A office building at the Raffles Place area is being sold for $1.2815 billion to an entity known as SG OGS.
Knight Frank values the property at $1.175 billion as of Sept 30.
At the transacted price, that’s a unit price of $2,875 per square foot and was arrived at through a bidding process conducted by an appointed property consultant.
Read more at: https://www.edgeprop.sg/property-news/cict-divest-one-george-street-book-net-proceeds-3448-mil
EdgeProp Singapore
November 13, 2021
https://i.imgur.com/6k0MWAq.jpg
CapitaLand Integrated Commercial Trust is divesting One George Street and will book net proceeds of $344.8 million for its 50% stake.
The 23-storey Grade A office building at the Raffles Place area is being sold for $1.2815 billion to an entity known as SG OGS.
Knight Frank values the property at $1.175 billion as of Sept 30.
At the transacted price, that’s a unit price of $2,875 per square foot and was arrived at through a bidding process conducted by an appointed property consultant.
Read more at: https://www.edgeprop.sg/property-news/cict-divest-one-george-street-book-net-proceeds-3448-mil